Solana (SOL): Wave 5 Starting or Set to Crash?
Weekly Scenarios
Bullish scenario: SOL holds support at ~$197, then breaks through ~$260.83 → possible rise to ~$300+.
Consolidation: The price trades in the ~$197–$260 range without a clear direction, preparing for momentum.
Bearish scenario: A breakout below ~$183 with volume → possible correction to ~$174 and below.
✅ Conclusion
Weekly analysis shows: SOL is at a crossroads.
A hold of support near ~$197 and a break of resistance at ~$260.83 could trigger a new uptrend.
However, a breakout below ~$183 significantly increases the risk of a correction.
Monitor the wave structure, volatility levels, and volume confirmation before choosing a strategy.
Weekly Scenarios
Bullish scenario: SOL holds support at ~$197, then breaks through ~$260.83 → possible rise to ~$300+.
Consolidation: The price trades in the ~$197–$260 range without a clear direction, preparing for momentum.
Bearish scenario: A breakout below ~$183 with volume → possible correction to ~$174 and below.
✅ Conclusion
Weekly analysis shows: SOL is at a crossroads.
A hold of support near ~$197 and a break of resistance at ~$260.83 could trigger a new uptrend.
However, a breakout below ~$183 significantly increases the risk of a correction.
Monitor the wave structure, volatility levels, and volume confirmation before choosing a strategy.
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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.