Solana (SOL) is igniting excitement among crypto traders as recent Elliott Wave analysis spotlights a major bullish scenario ahead. According to a technical breakdown published by Kap_Waves on TradingView, SOL is currently surging within wave (3) of a powerful, nested wave 3—the high-momentum portion of an impulsive bullish move.
Key targets have now been set:
- **End of wave (3) of main wave 3:** $379
- **Overall cycle target:** $406–$612
The analysis hinges on a clear 1-2 structure forming within the current leg up, which would unleash further upside and potentially set off a FOMO rally. Invalidation comes in at $125—should SOL fall below this, the setup is voided.
With momentum building and the bigger cycle picture showing room for massive growth, Solana could soon challenge, or even smash past, its all-time highs. However, traders should keep invalidation levels in mind and manage risk accordingly as crypto markets heat up once again[1].
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[1] Analysis based on: CRYPTO: SOLANA (1D) for BINANCE:SOLUSD by Kap_Waves on TradingView