📊 Solana Market Update – C-Wave Rally in Progress

Solana has seen strong performance after breaking out of its price channel to the upside. This move is tracking as a C-wave rally, potentially forming an ending diagonal pattern with messy, corrective subwave structures.

🔹 Trend:

Likely in C-wave of an A-B-C structure

Structure suggests higher prices as long as support holds

Alternative (Plan B) → Drop back into lower support region

📈 Upside targets:

Break above $207 (July high) → unlocks move toward $360–$380

📉 Support zones:

Major support (Plan B scenario): $109.89 – $133.32

Micro support: $195 (break here could signal start of Wave 2/B pullback)

⚠️ Risk & Watch Levels:

No decisive break above resistance range yet → still a risk of reversal

Fibonacci support from August low remains key pivot area

Price could extend higher directly in yellow scenario, but break below $195 = caution

💡 Takeaway:

SOL remains in a constructive uptrend, with potential for a sharp push toward $360+ if resistance levels are cleared. Maintain vigilance on $195 short term and $133 longer term.

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