SOL | Does Solana Start the Next Rally in August?
1 extracted signal · 1 resolved · 0 still active
More Crypto OnlineIndependent analyst profile- Source published
- 08 Aug 2026, 02:00 UTC
- Recorded by Tahlil Plus
- 08 Aug 2026, 03:10 UTC
AI-generated source summary
The analysis focuses on SOLUSDT, indicating rejection at the 61.8% Fibonacci retracement level, specifically around $74.71. This level is identified as a key micro-resistance. The current price is approximately $56.71. The analysis suggests that the bounce from the July low was a large fourth wave, which is now potentially completing. The subsequent move down is interpreted as a five-wave ABC structure, with the C wave also expected to be a five-wave move. Three waves down have been observed within the C wave, and the price action at the trendline is showing continued rejection. The expectation is for the price to make one more lower low into the support zone, which is inferred to be around $44.00. This move is characterized as a counter-trend move within the short term, which could lead to a lower low within the support area. The immediate pressure is assessed to remain downwards in the very short term.
AI-generated summary based on the source content.
Signal outcomes at a glance
Evaluation CompleteSignals in this source
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- Market predictions extracted
1 eligible signal linked to this case.
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- First prediction resolved
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.