SOLANA: The last wave before takeoff or a deep pullback
📈 Weekly Scenarios
Bullish scenario: SOL holds above ~$190, breaks through ~$260.83 → start of uptrend → target ~$300+.
Consolidation: price trades between ~$190 and ~$260, wave structure not defined until breakout.
Bearish scenario: breakout of support at ~$190 with volume → likelihood of a significant correction to ~$150–$160.
✅ Conclusion
Solana is at a key decision point for the coming week:
The ~$260.83 level is a benchmark for a bullish resumption.
The ~$190 level is a critical support level.
A breakout upward will provide upward momentum; a breakout downwards is likely a pullback. Follow price reactions at the highlighted levels and confirmation of the wave structure before making trading decisions.
📈 Weekly Scenarios
Bullish scenario: SOL holds above ~$190, breaks through ~$260.83 → start of uptrend → target ~$300+.
Consolidation: price trades between ~$190 and ~$260, wave structure not defined until breakout.
Bearish scenario: breakout of support at ~$190 with volume → likelihood of a significant correction to ~$150–$160.
✅ Conclusion
Solana is at a key decision point for the coming week:
The ~$260.83 level is a benchmark for a bullish resumption.
The ~$190 level is a critical support level.
A breakout upward will provide upward momentum; a breakout downwards is likely a pullback. Follow price reactions at the highlighted levels and confirmation of the wave structure before making trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.