$SOL

🔹 $SOL/USDT – Weekly Chart Perspective & Strategic Update

Technical Perspective | Wyckoff Framework + Elliott Waves

🔍 Market Structure:

Solana is currently exhibiting a Reaccumulation pattern according to the Wyckoff Method, with Wave B nearing completion in the Elliott Waves cycle.

✅ Bullish Outlook:

A decisive breakout above $179 would confirm the transition to Wave C, indicating renewed upward momentum.

Upward Price Targets (Wave C targets):

$386

$787

$1,566

⚠️ Bearish Risk:

Failure to break and hold above $179 would invalidate the bullish scenario.

This could indicate a transition from Reaccumulation to Distribution, increasing downward pressure.

🔑 Key Technical Level:

$179 – Critical point for confirmation or rejection of the trend.