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Tuesday, August 11, 2026 โ 09:38 UTC+7
$SOL โ 2 POSSIBLE SCENARIOS
There are currently 2 possible Elliott Wave scenarios for SOL.
๐ด SCENARIO 1
The purple ABC correction has already been completed at the green (b) wave.
If this count is correct, SOL is now starting Purple Wave 1 to the downside.
However, this bearish Wave 1 still needs confirmation.
For confirmation, SOL must break below the Scenario 2 invalidation zone at around $74.55.
๐ข SCENARIO 2
The bullish structure may not be completed yet.
As long as SOL holds above $74.55, Scenario 2 remains possible, with the potential for another bullish wave toward the $78โ79 area.
๐ KEY LEVEL
$74.55 is the critical level.
Break below $74.55 โ Scenario 1 gains confirmation.
Hold above $74.55 โ Scenario 2 remains valid.
For now, I will let price action determine which scenario plays out.
#SOL #Solana #ElliottWave #SOLUSDT
$SOL โ 2 POSSIBLE SCENARIOS
There are currently 2 possible Elliott Wave scenarios for SOL.
๐ด SCENARIO 1
The purple ABC correction has already been completed at the green (b) wave.
If this count is correct, SOL is now starting Purple Wave 1 to the downside.
However, this bearish Wave 1 still needs confirmation.
For confirmation, SOL must break below the Scenario 2 invalidation zone at around $74.55.
๐ข SCENARIO 2
The bullish structure may not be completed yet.
As long as SOL holds above $74.55, Scenario 2 remains possible, with the potential for another bullish wave toward the $78โ79 area.
๐ KEY LEVEL
$74.55 is the critical level.
Break below $74.55 โ Scenario 1 gains confirmation.
Hold above $74.55 โ Scenario 2 remains valid.
For now, I will let price action determine which scenario plays out.
#SOL #Solana #ElliottWave #SOLUSDT