Solana Drops on the Binance Hack: How Low Can It Go?
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 30 Oct 2026, 00:12 UTC
- Recorded by Tahlil Plus
- 30 Oct 2026, 03:58 UTC
AI-generated source summary
The analysis focuses on Solana (SOLUSDT) using an Elliott Wave perspective on the 1-hour chart. The current price is observed at approximately $96.26. The primary bearish outlook suggests a five-wave downward movement, with the third wave currently in progress. The target for this third wave is identified within the $80.83 to $76.76 range, specifically aiming for the 123.6% to 161.8% Fibonacci extension levels. The overall bearish sentiment is reinforced by the market's reaction to resistance levels around $104.83 and the failure to break above previous highs. A secondary bullish scenario is noted, but it is considered less probable given the current structure, and it would require a break above $106.62 to gain confidence. The key invalidation level for the bearish scenario is seen at the $106.62 resistance zone, which would signal a potential reversal or a more complex corrective structure.
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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.