Why Solana Broke the August High: What Happens Now?
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 19 Sept 2026, 14:00 UTC
- Recorded by Tahlil Plus
- 19 Sept 2026, 16:10 UTC
AI-generated source summary
The analysis focuses on the SOLUSDT cryptocurrency pair, utilizing the 1-hour timeframe. The current price is observed at $111.77. Two primary scenarios are presented: a bullish outlook targeting $132.93, and a bearish outlook suggesting a potential continuation pattern after a corrective move. The bullish scenario implies that if support around $110.77 holds, the price could move higher, potentially reaching the $132.93 level, which corresponds to the 50% Fibonacci retracement. This upward movement is expected to form a five-wave structure, initiating a new uptrend. Conversely, the bearish scenario suggests that if the price fails to hold the $110.77 level and breaks below it, it could invalidate the bullish outlook, leading to further declines. The immediate resistance is identified at $114.23, and a key support level to watch is $105.30. The analysis highlights the importance of the $110.77 level as a critical pivot for the short-term trend direction.
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