🚀 Solana ($SOL ) Market Update – Watching Key Levels 🚀
📌 Recent Price Action:
Move from Aug 2 low completed 5 waves, but extended 5th wave gives it an ABC structure appearance (possible diagonal pattern).
📈 Current Outlook:
Context remains bullish while holding above support levels.
Preferred view: Yellow count (ABC structure), with potential upside targets $360 – $380.
Pullback confirmation only on break below $195 (yesterday’s swing low).
🛡 Key Support Levels:
Primary: $165.94 – must hold for bullish trend continuation.
Support Zone: Between 78.6% Fib and 38.2% Fib retracement levels.
🎯 Next Resistance / Upside Levels:
$360
$380
⚠ Notes:
No clear evidence of pullback starting yet.
If pullback unfolds, expect ABC structure before continuation.
Similar setups seen in SUI, where pullback appears underway.