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Solana is showing a small reaction on the higher time frame chart, though the size of the bounce is still modest and not yet enough to confirm that a meaningful recovery is underway. At this stage, the broader structure still allows for the possibility of another low before a sustained turnaround can begin. This outlook remains tied closely to how Bitcoin behaves, since both assets are following similar patterns along with Ethereum.
Recent price action in Solana fits into a potential larger correction, likely part of a wave four structure. Although a more optimistic scenario is possible, the market must first confirm strength by breaking through important resistance areas.
Key Higher Time Frame Levels

The market continues to react around the upper support range between 118 and 138 dollars. If this zone holds and Solana can rally in a clear five wave structure, it would offer an early sign that a move toward the next major targets in the higher region could begin. Failing to do so would leave the door open for a final wave down.
Immediate Resistance to Watch
The next key target remains the resistance region between 157 and 184 dollars. That zone has repeatedly acted as an area where sellers show up, and a reaction there would not be surprising. A clean break through it would shift the outlook toward a more constructive trend.
Before reaching that range, price must first overcome the level at 144.60 dollars. Recent movement has been gradual and choppy, which is common during C-wave structures.
Two pathways remain active:

Scenario One
A smaller B-wave may already be forming. Support between 137 and 141 dollars will determine whether this short-term pullback leads to another push toward a break above 144.60.
Scenario Two ( blue count)
The market could form a deeper B-wave before recovering. Both variations keep the overall move pointed upward in the near term as long as the key support range holds.
A confirmed break above 144.60 dollars would open the path toward 157.40 dollars.

🐶 Market Update (1h Timeframe)
$DOGE has reacted strongly to the key Fibonacci support zone for a potential circle Wave 2 pullback, keeping the bullish structure intact for now. Although price data varies slightly across exchanges — making parts of the structure a bit messy — the 61.8% retracement has once again proven to be reliable support.

📉 The Corrective Channel & Current Structure
Price continues to move within the corrective price channel that started earlier in October. I am still tracking this move as a 1–2 bullish setup, but to confirm it, we need clear evidence from the next wave.
Even though the rebound from the October 10–13 low was aggressive, the wave count remains a bit unclear due to exchange variance. Still, the latest bounce aligns cleanly with standard Wave 2 behavior.
📈 Do We Have a Wave 3 Yet? Not Quite…
We do NOT yet have confirmation that circle Wave 2 has bottomed. For confirmation, we need:
✔️ A clean, visible 5-wave impulse upward
At the moment, I can only identify three waves.
Yes, structurally it can be labeled as five, but due to the overlaps and Fibonacci proportions, the move counts better as a 3-wave corrective bounce, not a full impulse.

🔍 Key Micro Support for Wave 4
If the internal structure is correct, we may now be entering a wave 4 pullback, with support sitting at:
$0.144 – $0.149
As long as this zone holds, we can expect one more push up, completing the 5-wave impulse we need for confirmation.

Solana is showing a small pullback inside what still appears to be a very fragile corrective structure. The recent bounce fits into the broader expectation of a wave 4 correction, but momentum remains extremely weak — leaving the door open for another downside extension.
📉 Price Ranging With Weak Upside Momentum
Over the last several days, $SOL has mostly been moving sideways, forming only a weak three-wave recovery bounce.
This move aligns with the expectation of an (A)-wave of a larger wave 4 correction, but as of now, nothing confirms a broader trend reversal.

🔄 Understanding the Structure: Classic ABC Corrective Pattern
Corrective moves — especially wave fours — usually unfold as ABC structures, not impulsive trends.
A three-wave move cannot be a new bullish trend; it can only be a corrective bounce.
This is exactly what we’re seeing right now:
(A)-wave → Completed and reached the ideal 100% extension target at $134
(B)-wave pullback → Now testing expected support
(C)-wave bounce → Could follow if support holds
🟩 Critical Support Zone Being Tested Now

$SOL is currently testing the key B-wave support zone:
$120.40 – $129.36
This support zone was highlighted yesterday as the ideal region for a (B)-wave pullback.
If bulls can defend this area over the next 24–48 hours, a C-wave bounce could begin — creating a clearer and more complete ABC rally for wave 4.
⚠️ What If Support Fails?
Below $120.40, the probability increases significantly that:
The bounce was only a dead-cat rally
The wave 4 bounce hasn’t really started
Solana may form another lower low
If that bearish scenario unfolds, the next support zone is:
$117 – $118

XRP continues to show early signs of strength on the short-term chart, but the market still needs to deliver critical confirmations before calling a meaningful low.
🟦 XRP Holding Critical Fibonacci Support
$XRP is currently respecting the $1.99 – $2.50 Fibonacci support zone.
This zone is key support for a wave (4) pullback inside a potential impulsive move to the upside.

📈 Third Wave Completed — Clean Structure Formed
Yesterday we expected “one more high” to complete the internal structure of wave (3) — and today, $XRP delivered exactly that.
We now have a completed 5-wave structure inside the third wave, giving the market the foundation needed to stabilize for a wave (4) pullback.
🟩 Wave (4) Support: The Critical Zone to Hold
The current wave (4) support zone remains:
$1.99 – $2.50
In a healthy bullish impulse:
Wave (4) should NOT break below the 50% retracement
If it does, the structure is likely not an impulse anymore
This makes the coming 24 hours especially important for the short-term structure.
🟢 One More High Could Confirm Wave 1 of a Larger Bullish Pattern
If $XRP pushes for one more high after holding support, it would likely complete:
Circle Wave 1 of a much larger 5-wave sequence to the upside
That would open the door toward the next major resistance, which I’ve emphasized for weeks:
$2.69 – $2.84
(A critical zone needed for a meaningful bullish confirmation)
Without a breakout above this region, no major low is confirmed, even if the short-term structure looks promising.

LINK is still locked in a corrective downtrend that began in August. Despite a potentially completed five-wave decline, there is still no confirmed reversal. Here’s what needs to happen before bullish momentum can be trusted.
🔎 Market Structure Still Bearish
$LINK remains below all major trendlines, continuing the pattern of lower lows and lower highs that has been intact since the August peak. From a pure technical standpoint, nothing currently confirms an upside reversal.

⚠️ Wave 2 Correction Still Unconfirmed
Although the price has slowed its downward momentum slightly, recent price action continues to produce fresh lower lows — including during last week’s close.
The decline since August started off moderate, but recently the yellow trendline has steepened, showing increased downside pressure.

🔄 Recent Price Action: Choppy but Possibly Near a Low
Mid-November brought extremely choppy price movement, followed by a sharp decline that formed a clear 5-wave move down (wave 5 of (C)).
This structure could indicate that a low is in place — but this alone does NOT confirm a reversal.
A completed downward structure only means the downside scenario might be finished, not that an uptrend has begun.

🟢 What a Real Reversal Must Look Like
The earliest technical signal of a trend shift is a 5-wave move up, followed by a 3-wave pullback that forms a higher low.
Right now, $LINK only has three waves up, which remains corrective and unconfirmed.
To validate a new bullish trend, LINK needs:
1️⃣ One more push higher (to complete 5 waves up)
2️⃣ A healthy 3-wave pullback that holds a higher low
3️⃣ A breakout above key resistance
Only then can we label the move as a confirmed wave i of a larger bullish structure.

🎯 Critical Resistance to Break
the bulls need to reclaim:
$13.98 – $14.50 key resistance zone
The descending yellow trendline
A clean breakout above both would finally indicate that the bulls are taking control.
📌 Bottom Line
We might be near a low — but trend reversals are fragile, and $LINK hasn’t yet shown any structural confirmation.
Until the chart delivers:
✔️ 5-waves up
✔️ 3-wave pullback (higher low)
✔️ Breakout above $13.98–$14.50
…the market remains in a wait-and-see phase.

📌 Quick Market Snapshot
Solana has just bounced from the micro-support zone highlighted in earlier analysis. With Bitcoin driving short-term momentum, this move could mark the beginning of Wave C of the (A)-wave, potentially forming part of a larger Wave-4 corrective bounce.

🔍 Where We Stand: No Confirmed Reversal Yet
Although we are watching early signs of upside momentum, there is still no confirmed long-term reversal.
Here’s what the current structure suggests:
This bounce remains non-impulsive — we have no clear 5-wave structure upward yet.
All upward moves so far are 3-wave corrective patterns, indicating fragility.
As long as Solana cannot break key resistance, another lower low remains possible.
🧩 Elliott Wave Structure: Tracking the (ABC) Pattern
Zooming in, the market appears to be forming a standard (A)-(B)-(C) corrective wave:
Wave (A)
Three waves to the upside
Currently developing the final stages of C-wave within (A)
The ideal 100% extension target sits at ~$134, a textbook target for a completed C-wave
Wave B
Once (A) completes, we expect a (B)-wave pullback, likely into the nearby support area.
This zone will be vital: a higher low must hold for bulls to sustain any larger reversal attempt.
Wave C (Larger Wave 4 Projection)
If bullish support holds:
A push through the resistance at ~$144.60 could open the road toward higher Wave-4 targets
Failure at this resistance risks continuation to the downside
🎯 Key Levels to Watch
Bullish Break Levels:
$130.50 – Friday’s swing high (first bullish trigger)
$134 – 100% C-wave extension target
$144.60 – Major resistance; a breakout here strengthens the Wave-4 reversal case
Bearish Scenario:
A failure to defend the support zone could reset the B-wave, and another lower low becomes likely

🔍 Small Bounce From Micro Support — But It’s Barely Noticeable
Solana is showing a tiny bounce from the micro support zone between $122.80 and $125.
The move is so small that you practically need a magnifying glass to see it.

While this could be the start of a C-wave bounce, the reaction is weak and lacks the structure typically seen at strong reversals.
📊 Elliott Wave Structure: Still No Confirmed Reversal
Elliott Wave analysis helps bring structure to market chaos.
Here’s what we see on Solana right now:
The recent move up is only a 3-wave correction, not a 5-wave impulse.
A five-wave move up is still missing — and that’s essential for any credible reversal.
On Bitcoin, however, a micro 5-wave move up is visible, which is worth watching since SOL has moved closely with BTC this cycle.
🧱 Key Support Zones to Watch This Weekend
Solana is sitting inside a major support cluster:
🔹 Micro Support:
$122.80 – $125 (currently being tested)
🔹 Major Weekly Support:
$118 – $138
🔹 June Swing Low:
Around $126
This region is expected to produce at least a small reaction — and it has. But is it enough?
Not yet.
🎯 Potential Resistance Targets if a C-Wave Bounce Begins
If Solana continues upward in a corrective C-wave, here are the next targets:
Early Resistance Zone (Short-Term)
$132.90 – $140
Major Resistance Zone (Higher Degree)
$157 – $184
Important Local Swing High
Around $130.50
If the market grinds up gradually, the move could evolve into a bullish impulse—but for now, we treat it as a corrective bounce only.
⚠️ Still a Bumpy Road Ahead — Possible Dead-Cat Bounce
Even in the more bullish “orange scenario,” this bounce may simply be a larger Wave 4 correction, often known as a dead-cat bounce. That means:
The market could still make a lower low afterward.
Everything depends on how price behaves on the way up — if a clear 5-wave impulse or diagonal forms, the outlook changes.
For now, there’s no clear reversal pattern — just early signs worth monitoring closely.

📌 Daily Timeframe – ETH Pullback Reaches Major Fibonacci Support
Ethereum continues its broader corrective pullback, and the daily timeframe is now reacting precisely at key Fibonacci levels.

$ETH previously bounced nearly 20% from the 38.2% retracement at ~$3,355, a level that had no obvious structural support other than Fibonacci confluence.
While this bounce didn’t trigger a trend reversal, it confirmed the significance of the zone.
The next leg down has now reached the $2,620 support, corresponding to the 50% Fibonacci retracement—and once again, the market reacted.
🔹 Key Daily Levels
Support Zone: $2,620 – $1,820
Immediate Resistance: $3,170 – $3,530 (wave-4 rejection zone)
ETH could be forming a Wave 4 bounce here, but so far no evidence of a meaningful bottom is present.
The most probable scenario remains:
➡️ Corrective bounce (wave 4) → One more move down (Wave 5)
Still, a 5-wave impulsive move up on the shorter timeframe could shift this outlook towards a more bullish setup.
⏱ Short-Term Chart – Micro Support Tested
On the smaller timeframe, the market shows the first micro bounce, likely an (A)-wave of a larger Wave 4 correction.

The reaction to the $2,620 level is visible, but so far strength is limited.
🔹 Short-Term Levels to Watch
Micro Resistance: $2,817 – $2,950
Micro Support: $2,655 – $2,718
To keep the bounce scenario alive, $ETH must hold $2,655.
A break below may activate direct bearish extensions.
At this stage, price structure remains small and weak there is no confirmation of a local bottom yet.

Ethereum has finally tapped the next major Fibonacci confluence zone exactly as anticipated over the last two weeks.
This move brings $ETH into a crucial technical area that may determine whether we see a short-term bounce… or deeper downside before a reversal.
📉 ETH Reaches Overlapping Fibonacci Levels
Ethereum just hit a cluster zone formed by:
The 100% Fibonacci extension of the A-wave
The 50% Fibonacci retracement of the prior swing
This overlapping level created a high-confidence target zone — and ETH has reacted exactly there.

🧩 Wave Structure: Breakdown of the Current Elliott Count
On the larger timeframe, $ETH is completing a C-wave decline, which itself should unfold in five waves (1–2–3–4–5).
The third wave looks like an ABC internal structure, and
The C-wave inside that third wave has now perfectly reached the 100% extension
ETH also tapped the lower trend channel boundary, adding confluence
This means Wave 3 has technically met its requirement, making a Wave 4 bounce increasingly likely.
📌 Next Major Resistance Zone for a Wave 4 Rally
If ETH begins its Wave 4 retracement, the target resistance zone sits at:
$3,170 – $3,550
A reaction here would be completely normal before potentially forming another lower low.
🔄 What About a Deeper Low?
While a deeper low is still possible, it would likely require ETH to shift into a more complex W-X-Y correction.
Less common
Less likely
But still possible if the bounce fails
So we’re not declaring a confirmed bottom yet — but the structure is starting to show early bottoming characteristics.
🟢 What Confirms a Bottom?
For $ETH to confirm bullish reversal intent, we need:
1. An impulsive 5-wave move up (not just 3 waves)
2. A break above resistance
3. A higher low on the following pullback
Until then, any upside could simply be Wave 4 relief in a still-bearish micro-trend.