🔹 Solana ($SOL ) – Wave 5 Setup or Pullback Risk? 🔹

📍 Current Status:

Reacted to micro support zone: $170.40 – $176.24

Currently holding 50% retracement: $178.00 – $173.29

Structure: Potential Wave 4 low in place, but confirmation still pending

Recent move up is 3 waves, not yet confirmed 5-wave rally

📊 Key Levels to Watch:

$181.60 – Break above this swing high could trigger bullish momentum

$191.74 – $198.19 – Primary Wave 5 target zone

$192 – $199 – Overlapping Fibonacci target cluster (strong confluence zone)

$170.00 – Must-hold level for bullish scenario; break risks deeper pullback toward $141

📈 Scenarios:

Bullish: Hold above $170.40–$176.24 → break $181.60 → push to $191.74–$199 range (Wave 5 completion)

Bearish (Plan B): Failure to hold $170 → ABC structure toward $141

💡 Market Takeaway:

Solana’s bullish setup remains intact if $170–$176 holds. Watch for a break above $181.60 as early confirmation. Overlapping targets near $192–$199 offer high-probability resistance if Wave 5 develops.

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