Is the Solana Rally Over or Just Taking a Break?
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 04 Sept 2026, 15:00 UTC
- Recorded by Tahlil Plus
- 04 Sept 2026, 17:39 UTC
AI-generated source summary
The analysis suggests that the recent pullback in SOLUSDT, which concluded on August 27th as a 3-wave decline, has completed. This is indicated by the structure of the price action, specifically the completion of an ABC move down from the high at the $110 resistance area on August 27th. The video points to a B wave bounce on August 30th, followed by a 5-wave decline, completing the corrective pattern. Based on this Elliott Wave interpretation, the sentiment is bullish, anticipating further upside. The current price is around $95, with a target price of $120. The fail bound is set at $85, below which the bullish outlook would be invalidated. The analysis emphasizes the importance of distinguishing between different time frames, noting that multiple time frames currently point towards further upside potential.
AI-generated summary based on the source content.
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