confirming the anticipated pullback scenario 🔄
📊 *Key Levels to Watch:*
- *Resistance:* $250 (tested as expected) 🚀
- *Support Zone:* $217 – $236 (wave 4 support zone) 🛡️
- *Ideal Retracement:* 38.2% Fib at ~$229, 50% Fib at ~$223 📊
- *Critical Level:* $217 (must hold for diagonal pattern validity) 🔴
👀 *Short-Term Price Action:*
- Three-wave corrective structure unfolding since Sunday 🔝
- Price reached $232, close to the 38.2% retracement 📈
- Another dip toward $223–$224 would be considered healthy for wave 4 📉
🚀 *The Bigger Picture:*
- Wave 5 rally expected toward $360–$380 if pullback completes as wave 4 🔮
- Breaking below $217 would suggest a larger correction is unfolding ⚠️
*Current Price:* $235.57 (-2.8% in last 24h) 📊
*Stay Informed:*
Keep an eye on SOL's price action and adjust your strategy accordingly 📊
#SolanaPriceAnalysis #Wave4Pullback #ElliottWaveTheory #CryptoMarketTrends #SolanaPricePrediction
