$SOL $SOL/USDT – Weekly Chart Perspective & Strategic Update
Technical Perspective | Wyckoff Structure + Elliott Waves
🔍 Market Structure:
Solana is currently displaying a Re-accumulation pattern according to the Wyckoff Method, with Wave B nearing completion in the Elliott Waves cycle.
✅ Bullish Perspective:
A decisive breakout above $179 would confirm the transition to Wave C, signaling a new upward momentum.
Bullish 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 Re-accumulation to Distribution, increasing downward pressure.
🔑 Key Technical Level:
$179 – Critical point for confirmation or rejection of the trend.
#solana $SOL
SOL
154.56
+1.72%