✅ Update: All targets hit — price even dipped below 162.
Looks like the C wave has completed and a rebound wave is underway.
🔔 Stay tuned — more updates coming soon.
RioKSA
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🔍 Market Update – SOLUSDT Wave Analysis
Two days ago, we discussed that Solana (SOLUSDT) appears to be in the 4th wave of the 5th wave of the 1st wave — a micro-correction within a larger impulsive structure. We also mentioned the expected correction levels, with the first target near 188, which was hit precisely, followed by a further drop to 179.5, very close to our second target.
The sharpness and speed of the drop suggest that this leg is likely wave A of an ABC corrective structure. We are now seeing what seems to be a wave B recovery, which may end around 191.
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🧩 Symmetrical Pattern in Play
An ascending symmetrical triangle has formed during this B wave. This pattern is key: • Break to the upside → B wave is still unfolding, and the correction is not yet complete. • Break to the downside → Likely the start of wave C with potential bearish targets at: • Target 1: 172 • Target 2: 168 • Final target: 162
Wave C will likely complete the correction, followed by a new bullish impulse (wave 5).
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⚠️ Alt Scenario: Wave 1 Already Completed?
There’s a possibility that the entire wave 1 is completed, and we are already in wave 2. This doesn’t change the short-term bearish outlook, as the correction depth and path are similar, with slightly deeper targets if it’s a larger wave 2.
