🔹 Solana ($SOL ) – Fifth Wave Rally Hits Targets 🔹

📍 Current Setup:

Wave 4 bottom formed earlier today in support zone

Strong rally in Wave 5 pushed price into resistance zone

Rally confirms 2 Aug low likely marked a Wave 2 bottom

📊 Key Levels:

Upside Targets (Hit Today):

$192 – $193 → ideal Wave 5 target zone

$199 → top of expected range

$200+ → could indicate more aggressively bullish structure

Early Pullback Signal:

Break below $182.47 (50% Fib retracement) = first sign Wave 2 correction starting

Support Zones:

Wave 2 support to be added once local top confirmed

📈 Scenarios:

Bullish Continuation: Break above $200 could signal a larger degree bullish move forming

Corrective Setup: Drop below $182.47 would confirm start of Wave 2 pullback → potential long entry zone once higher low forms

💡 Market Takeaway:

SOL delivered a textbook five-wave rally from support to resistance, smashing targets. While short-term grind higher is possible, traders should watch $182.47 for early signs of a pullback that could set up the next buying opportunity.

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