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🚀 Solana Pullback: Healthy Wave 4 or Start of Something Bigger?
Solana ($SOL
is moving right in line with last week’s roadmap. After tapping into the $250 resistance zone over the weekend, the market flipped into pullback mode — exactly as anticipated. Now the big question is whether this move is just a classic wave 4 correction in the Elliott Wave structure, or the start of something deeper.
🔑 Key Levels in Play
Resistance tested: $250 (right on target)
Wave 4 support zone: $217 – $236
Fib retracements for wave 4:
38.2% → ~$229
50% → ~$223
Critical line in the sand: $217 (must hold for the diagonal pattern to stay valid)
📉 Short-Term Action
Looking at the 1H chart, the pullback is unfolding in a clean three-wave corrective structure — exactly what you want to see in a bullish wave 4.
Price dipped under $236 but buyers quickly defended.
SOL already tagged $232 (near the 38.2% Fib).
A further dip toward $223–$224 would still be healthy within the wave 4 framework.
🌐 The Bigger Picture
If this pullback locks in as wave 4, the next move could be a wave 5 rally targeting $360–$380 over the coming months. That’s still the working roadmap.
But let’s be clear: if price cracks below $217 with momentum, it’s no longer just a pullback — that would open the door to a much larger correction.
#solana #Sol #SOLTrades #SolanaStrong
is moving right in line with last week’s roadmap. After tapping into the $250 resistance zone over the weekend, the market flipped into pullback mode — exactly as anticipated. Now the big question is whether this move is just a classic wave 4 correction in the Elliott Wave structure, or the start of something deeper.
🔑 Key Levels in Play
Resistance tested: $250 (right on target)
Wave 4 support zone: $217 – $236
Fib retracements for wave 4:
38.2% → ~$229
50% → ~$223
Critical line in the sand: $217 (must hold for the diagonal pattern to stay valid)
📉 Short-Term Action
Looking at the 1H chart, the pullback is unfolding in a clean three-wave corrective structure — exactly what you want to see in a bullish wave 4.
Price dipped under $236 but buyers quickly defended.
SOL already tagged $232 (near the 38.2% Fib).
A further dip toward $223–$224 would still be healthy within the wave 4 framework.
🌐 The Bigger Picture
If this pullback locks in as wave 4, the next move could be a wave 5 rally targeting $360–$380 over the coming months. That’s still the working roadmap.
But let’s be clear: if price cracks below $217 with momentum, it’s no longer just a pullback — that would open the door to a much larger correction.
#solana #Sol #SOLTrades #SolanaStrong
🚨 Solana (SOL) Short vs Long: Navigating the Volatile Market! 🚨
$SOL
Solana (SOL) is facing significant market pressure as it trades around $112.11 today. Here’s a breakdown of the current short and long positions:
🔴 Short Trade Insights:
Solana has seen a sharp 60% decline since January, prompting an increase in short positions. 📉
Traders are betting on further downside momentum, especially with growing bearish sentiment. ⬇️
Key Signal: The Bollinger Bands suggest the market is likely to stay volatile, with continued pressure on SOL’s price. ⚠️
$SOL
🟢 Long Trade Insights:
Despite the volatility, long-term holders are accumulating more SOL, showing confidence in its future potential. 💎
Support Levels: SOL is holding around $112, and if this level sustains, we could see a price rebound soon. 🚀
The strong developer activity on Solana’s blockchain remains a positive signal for the long-term growth potential. 🌱
$SOL
⚖️ What’s Next for SOL?
Short-term outlook looks bearish, but long-term investors may find value in the current price levels. 📆
Keep an eye on $120 as a key support level, and watch for any new developments in the Solana ecosystem.
#Solana #SOLTrades #CryptoMarket #ShortVsLong #SolanaPrice
$SOL
Solana (SOL) is facing significant market pressure as it trades around $112.11 today. Here’s a breakdown of the current short and long positions:
🔴 Short Trade Insights:
Solana has seen a sharp 60% decline since January, prompting an increase in short positions. 📉
Traders are betting on further downside momentum, especially with growing bearish sentiment. ⬇️
Key Signal: The Bollinger Bands suggest the market is likely to stay volatile, with continued pressure on SOL’s price. ⚠️
$SOL
🟢 Long Trade Insights:
Despite the volatility, long-term holders are accumulating more SOL, showing confidence in its future potential. 💎
Support Levels: SOL is holding around $112, and if this level sustains, we could see a price rebound soon. 🚀
The strong developer activity on Solana’s blockchain remains a positive signal for the long-term growth potential. 🌱
$SOL
⚖️ What’s Next for SOL?
Short-term outlook looks bearish, but long-term investors may find value in the current price levels. 📆
Keep an eye on $120 as a key support level, and watch for any new developments in the Solana ecosystem.
#Solana #SOLTrades #CryptoMarket #ShortVsLong #SolanaPrice
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