🔹 $SOL/USDT – Weekly Chart Outlook & Strategic Update
Technical Perspective | Wyckoff + Elliott Wave Framework
🔍 Market Structure:
Solana is currently exhibiting a Re-Accumulation pattern per the Wyckoff Method, with Wave B nearing completion in the Elliott Wave cycle.
✅ Bullish Outlook:
A decisive breakout above $179 would confirm the transition into Wave C, signaling renewed upward momentum.
Upside Price Objectives (Wave C targets):
$386
$787
$1,566
⚠️ Bearish Risk:
Failure to break and hold above $179 would invalidate the bullish scenario.
This could indicate a transition from Re-Accumulation to Distribution, increasing downside pressure.
🔑 Key Technical Level:
$179 – Critical pivot for trend confirmation or rejection.