DipWaves

DipWaves

Solana is currently in a corrective phase following a significant decline from its recent highs. The chart reflects a complex Elliott Wave structure, with an ongoing ABC correction. The primary expectation is for further downside, with the final Wave C targeting the $75–$85 demand zone (highlighted in purple). Primary Scenario (Bearish Outlook) Wave A has...

DipWaves Updated 

Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new...

DipWaves Updated 

Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move. 🔹 Elliott Wave Analysis & Bullish Scenario If the Double Zigzag correction is complete, SOL could begin a new...