Solana started the week with a sharp pullback but quickly bounced back, breaking through resistance at $206.33 for the third time in just two weeks. Our primary outlook points to another push higher, with price expected to clear resistance at $229.22 and complete the ongoing green wave 3 near $295.31. From there, the broader green five-wave sequence should ultimately break above this level and finish the larger orange wave iii. We still assign a 30% probability to the alternative scenario, which calls for a fresh wave (ii) correction low within the blue downside Target Zone between $56.56 and $29.87.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.