Solana Breakdown Confirmed? Elliott Wave Signals More Downside

AI-generated source summary

The analysis focuses on SOLUSDT using a 4-hour timeframe, identifying a potential bearish trend continuation. The current price is noted around $69.016. The analysis suggests that Solana has completed a significant downtrend and is now in a corrective phase, potentially forming a third wave down within a larger bearish structure. Key Fibonacci retracement levels are highlighted, with resistance expected around $74.597. The primary target for this bearish move is identified at $48.785, which represents a significant Fibonacci extension. A failure for this bearish outlook would occur if the price breaks above the $74.597 resistance level, invalidating the short-term downtrend. The analyst also draws parallels with Bitcoin's price action, suggesting that Solana's movement is correlated and that a bearish continuation for Bitcoin would likely lead to a similar downward movement in Solana, potentially targeting the lower Fibonacci support levels around $43.222 or even $17.490.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   04 Jun 2026, 12:30 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   04 Jun 2026, 13:34 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   04 Jun 2026, 13:34 UTC

   1 eligible signal linked to this case.

4. Source processing completed

   04 Jun 2026, 13:34 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   05 Jun 2026, 01:01 UTC

   Tahlil Plus began monitoring the extracted predictions.

6. First prediction resolved

   16 Jun 2026, 01:32 UTC

   The first evaluable outcome in this case reached a terminal result.

7. Case evaluation completed

   16 Jun 2026, 01:32 UTC

   All evaluable predictions in this case reached terminal outcomes.