$SOL
๐จ SOL Coin Price Prediction ๐จ
The 1-hour chart depicts a clear five-wave impulse structure unfolding, with subwave (iii) recently peaking near $170 and a small (iv) correction underway.
The projected wave (5) could extend toward the $185โ$190 region, matching the higher timeframe 0.382 Fib level and completing the full impulsive wave.
The RSI divergence is also visible on the 1-hour timeframe, with the current RSI peak at 85 failing to surpass the earlier high despite higher price action.
This negative divergence often precedes a local top, especially when combined with an ending diagonal or fifth-wave structure.
Assuming subwave (iv) consolidates near the $160โ$165 range, a final push higher could unfold, testing the $185 resistance or higher.
This aligns with the 0.382 Fib from the macro downtrend and completes the internal fifth wave, offering a high-probability reversal or correction zone.
Post-impulse, a correction is likely, possibly targeting $151 (0.5 Fib) or deeper toward $135โ$140, depending on market sentiment and BTC correlation.
Until invalidation below $151, short-term bulls may aim to exit around $185, while medium-term traders should prepare for a potential top and reentry lower