Recently when the $SOL price was at $250 we warned you that it is going to reach $165 and after that we will see what will happen. Today we can see that price broke down this level and continue crashing. This is the bear market start for Solana, we have a proofs that it's enough for meme king.
Let's take a look at the weekly time frame. Here we can see the clear Elliott waves structure consists of 5 waves. Wave 2 hit exactly 0.61 Fibonacci, wave 4 - 0.38, like a textbook. At the very top we can see the bearish divergence on the Awesome Oscillator. This divergence is confirmed and tells us that wave 5 has been finished, we told you about it before Feb 3 dump.
The biggest bear market confirmation is the breakdown of support green area on Fractal Trend Detector [Skyrexio], moreover the bars are red and it means that global bearish phase is in progress. Now we are struggling to point out any targets, expecting some bounce and the continuation of the dump below $100.
Best regards, Skyrexio Team
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TRUMP Coin ($TRUMP) Technical Analysis – Will the Rally Continue?
As of today, $TRUMP/USDT is trading at $0.5601, showing some volatility after its recent market surge. With its growing popularity in the meme coin and political crypto space, TRUMP remains a coin to watch. Let’s analyze key price levels and potential targets.
1️⃣ $0.6500 – Immediate resistance; breaking above this could confirm bullish momentum. 2️⃣ $0.8000 – Mid-term resistance; flipping this into support may trigger stronger accumulation and price growth. 3️⃣ $1.0000 – Psychological breakout zone; surpassing this could bring in new investors and hype-driven FOMO.
📉 Bearish Scenario:
If $TRUMP fails to hold above $0.5500, it may retest $0.5000, with further downside risk toward $0.4200. A breakdown below these levels could signal a deeper correction.
📌 Market Sentiment:
$TRUMP’s popularity as a meme coin with a political angle keeps it in the spotlight. However, its price action will depend on market speculation, hype cycles, and broader crypto trends.
📢 Do you think $TRUMP will hit $1.00 soon? Drop your predictions in the comments! 👇