SOL / TetherUS
Long
Updated

SOLANA 2025.04.22

192
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Solana appears to have recently completed a 5-wave structure and is now showing early signs of initiating a new bullish trend. This analysis takes a harmonic pattern approach, with a particular focus on the reaction following a 0.382 retracement — a level that has shown strong support and may now serve as the springboard for further upside.

From a technical standpoint, the 0.886 Fibonacci level is expected to act as a significant resistance zone, and this is where we've set our current target range. Based on this structure, we’re identifying two short-term price targets: 142 as the first target and 143 as the second.

This isn’t a simple price guess — it’s a strategic target based on the rhythm and symmetry of harmonic structures layered over prior wave formations. Harmonic patterns are more than just retracement percentages; they reflect the balance and energy distribution within the price cycle, making them a highly reliable tool for mid-range trade planning.

Even if you're not yet familiar with this approach, understanding how harmonics frame target zones can offer valuable insights and enhance your analytical toolkit moving forward.
Trade closed: target reached
snapshot

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