Solana appears to have recently completed a 5-wave structure and is now showing early signs of initiating a new bullish trend. This analysis takes a harmonic pattern approach, with a particular focus on the reaction following a 0.382 retracement — a level that has shown strong support and may now serve as the springboard for further upside.
From a technical standpoint, the 0.886 Fibonacci level is expected to act as a significant resistance zone, and this is where we've set our current target range. Based on this structure, we’re identifying two short-term price targets: 142 as the first target and 143 as the second.
This isn’t a simple price guess — it’s a strategic target based on the rhythm and symmetry of harmonic structures layered over prior wave formations. Harmonic patterns are more than just retracement percentages; they reflect the balance and energy distribution within the price cycle, making them a highly reliable tool for mid-range trade planning.
Even if you're not yet familiar with this approach, understanding how harmonics frame target zones can offer valuable insights and enhance your analytical toolkit moving forward.