📉 $SOL Update: One More Low Before the Bounce?

Solana is testing key Fibonacci support ($166–$180), but so far the reaction looks weak and corrective. Until buyers step in with conviction, another dip remains possible.

🔑 Key Levels to Watch:

$174.20 → First fib support

$171.50 → 100% extension (ideal target)

$166 → 61.8% fib + trendline confluence

📊 Wave Count Outlook:

Structure looks like ABC or WXY correction

One more C-wave low could take us into the $166–$171 zone

That’s where strong support + buyer interest may emerge

🚨 Reversal Signals to Watch:

Break above the yellow trendline

Series of higher highs & higher lows

Strong impulsive breakout