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XRP Stuck in a 12-Month Range
Sideways Consolidation Continues as Volatility Compresses
XRP Market Overview
$XRP remains locked in a large sideways consolidation on the daily time frame. This range has effectively been in place for around 12 months, with price moving back and forth without a decisive breakout in either direction.
Some traders view the structure since July as a downtrend, while others see it as a broad consolidation that has been active since December 2024. From a higher-time-frame perspective, the market is still range-bound. There has been no decisive break below the April or February lows, and there has also been no sustained upside breakout.
This type of price behavior is typical for XRP, which historically spends extended periods moving sideways before making sharp directional moves.
Key Range Levels and Long-Term Structure
The broader range XRP has been trading in was already identified earlier in the year. The major support zone lies between:
$1.21 to $1.55
This zone has repeatedly acted as demand, making it an attractive area for range traders. On the upside, previous attempts to break higher, particularly in July, failed to produce sustained momentum.
XRP has a well-documented tendency to remain in ranges for extended periods. While the duration of this consolidation could not have been predicted, the behavior itself is consistent with historical price action.
There is no change in XRP’s overall behavior at this stage.
Potential Upside Reversal From October Low
One important development to monitor is the price action from the October 10 low. There is a possibility that XRP is attempting to form an upside reversal pattern from that level.
However, caution is still required. Price data varies between exchanges, with some showing deeper pullbacks than others. This inconsistency makes it difficult to clearly identify reliable micro-wave structures.
The key support zone linked to this potential reversal sits between:
$1.75 to $2.16
If buyers successfully defend this area and an impulsive structure develops, a larger third wave could eventually target $5 or higher, most likely next year rather than in the current one.
Major Resistance That Actually Matters
The most important resistance zone on the daily time frame is between:
$2.68 to $2.84
This area is critical for shifting the larger trend. Smaller rallies or short-term breakouts below this zone do not meaningfully change the market structure and can easily fail.
Many traders focus too heavily on micro-time-frame movements. While these are relevant for short-term trading, they do not define a trend reversal on a higher degree. A sustained break above this resistance would be required to signal a real trend shift.
Short-Term Price Action and Market Indecision
On the lower time frames, $XRP has been moving sideways throughout most of December. The market remains trapped between clearly defined micro levels:
Micro support: $1.91 to $1.98
Micro resistance: $2.10 to $2.17
Price is currently holding above support and below resistance, confirming that the market has not made a decision yet.
There are no upside reversal signals and no signs of impulsive strength. Until price breaks decisively above $2.17 or below $1.91, short-term direction remains unclear.
What Happens After the Break?
XRP is known for contracting volatility before releasing it suddenly. The current compression suggests that a fast move will eventually occur.
Key levels to monitor after a breakout are:
Above $2.17: resistance zone between $2.32 and $2.58
Below $1.91: next support near $1.77
For now, all upward movements remain corrective and weak, with no higher highs formed. Downward pressure remains slightly dominant until proven otherwise.
Final Thoughts
$XRP continues to do what it has done many times before: trade sideways, frustrate traders, and compress volatility. Patience remains essential.
The levels to watch are clearly defined. Until the market breaks out of its range, smaller moves should not be mistaken for a trend change. A decisive move will come, but for now, XRP remains in hibernation mode.
XRP Market Overview
$XRP remains locked in a large sideways consolidation on the daily time frame. This range has effectively been in place for around 12 months, with price moving back and forth without a decisive breakout in either direction.
Some traders view the structure since July as a downtrend, while others see it as a broad consolidation that has been active since December 2024. From a higher-time-frame perspective, the market is still range-bound. There has been no decisive break below the April or February lows, and there has also been no sustained upside breakout.
This type of price behavior is typical for XRP, which historically spends extended periods moving sideways before making sharp directional moves.
Key Range Levels and Long-Term Structure
The broader range XRP has been trading in was already identified earlier in the year. The major support zone lies between:
$1.21 to $1.55
This zone has repeatedly acted as demand, making it an attractive area for range traders. On the upside, previous attempts to break higher, particularly in July, failed to produce sustained momentum.
XRP has a well-documented tendency to remain in ranges for extended periods. While the duration of this consolidation could not have been predicted, the behavior itself is consistent with historical price action.
There is no change in XRP’s overall behavior at this stage.
Potential Upside Reversal From October Low
One important development to monitor is the price action from the October 10 low. There is a possibility that XRP is attempting to form an upside reversal pattern from that level.
However, caution is still required. Price data varies between exchanges, with some showing deeper pullbacks than others. This inconsistency makes it difficult to clearly identify reliable micro-wave structures.
The key support zone linked to this potential reversal sits between:
$1.75 to $2.16
If buyers successfully defend this area and an impulsive structure develops, a larger third wave could eventually target $5 or higher, most likely next year rather than in the current one.
Major Resistance That Actually Matters
The most important resistance zone on the daily time frame is between:
$2.68 to $2.84
This area is critical for shifting the larger trend. Smaller rallies or short-term breakouts below this zone do not meaningfully change the market structure and can easily fail.
Many traders focus too heavily on micro-time-frame movements. While these are relevant for short-term trading, they do not define a trend reversal on a higher degree. A sustained break above this resistance would be required to signal a real trend shift.
Short-Term Price Action and Market Indecision
On the lower time frames, $XRP has been moving sideways throughout most of December. The market remains trapped between clearly defined micro levels:
Micro support: $1.91 to $1.98
Micro resistance: $2.10 to $2.17
Price is currently holding above support and below resistance, confirming that the market has not made a decision yet.
There are no upside reversal signals and no signs of impulsive strength. Until price breaks decisively above $2.17 or below $1.91, short-term direction remains unclear.
What Happens After the Break?
XRP is known for contracting volatility before releasing it suddenly. The current compression suggests that a fast move will eventually occur.
Key levels to monitor after a breakout are:
Above $2.17: resistance zone between $2.32 and $2.58
Below $1.91: next support near $1.77
For now, all upward movements remain corrective and weak, with no higher highs formed. Downward pressure remains slightly dominant until proven otherwise.
Final Thoughts
$XRP continues to do what it has done many times before: trade sideways, frustrate traders, and compress volatility. Patience remains essential.
The levels to watch are clearly defined. Until the market breaks out of its range, smaller moves should not be mistaken for a trend change. A decisive move will come, but for now, XRP remains in hibernation mode.
Chainlink (LINK) Daily Update Wave 4 in Play, Key Resistance and One More Low Still Possible
Key Resistance Zone to Watch
The current Wave 4 bounce on $LINK is approaching a clearly defined resistance area between:
$14.03
$17.30
This zone is important because it represents the area where price could get rejected and resume the broader corrective move this is a region where sellers may step back in if the structure remains corrective.
Bigger Picture Outlook
Only a very small number of charts currently suggest that a meaningful market low may already be in place. That said, the market does appear to be approaching an area where a low could form.
A sustained upside breakout is not expected this year. Toward the end of the year, liquidity typically decreases as participants step away from the market. This environment often leads to prolonged consolidations rather than decisive moves.
Wave 4 corrections frequently develop during this time, which aligns well with the current market behavior.
Elliott Wave Structure and Possible Triangle
The entire corrective move on $LINK can be interpreted as part of an Elliott Wave triangle, although alternative counts remain possible.
If price makes another low, the next major support area sits around $10, which corresponds to the April swing low.
If price instead breaks decisively above $17.30, it could open the door for a move toward the upper boundary of the larger range, currently projected around $26 to $27. Precise levels will become clearer if and when a breakout begins.
Short-Term Structure and Near-Term Levels
On the lower time frame, $LINK shows a structure similar to many other altcoins. While a higher high has already formed on December 9, the Wave 4 structure still appears incomplete.
The move from the November 21 low is best viewed as a W–X–Y correction, with the Y-wave unfolding as an A–B–C structure. The B-wave may still be developing.
The initial move higher was clearly a three-wave advance, suggesting a corrective structure rather than impulsive strength. This keeps the probability of another C-wave decline elevated.
Support Levels to Monitor
If the expected C-wave decline continues, key support lies between:
$13.22
$12.35
The $13.20 area stands out as the most immediate support. One more low remains the higher-probability scenario unless price breaks above the recent swing high near $14.35.
Volatility often increases late on Sundays, so short-term price action may already be in motion by the time this is read.
The current Wave 4 bounce on $LINK is approaching a clearly defined resistance area between:
$14.03
$17.30
This zone is important because it represents the area where price could get rejected and resume the broader corrective move this is a region where sellers may step back in if the structure remains corrective.
Bigger Picture Outlook
Only a very small number of charts currently suggest that a meaningful market low may already be in place. That said, the market does appear to be approaching an area where a low could form.
A sustained upside breakout is not expected this year. Toward the end of the year, liquidity typically decreases as participants step away from the market. This environment often leads to prolonged consolidations rather than decisive moves.
Wave 4 corrections frequently develop during this time, which aligns well with the current market behavior.
Elliott Wave Structure and Possible Triangle
The entire corrective move on $LINK can be interpreted as part of an Elliott Wave triangle, although alternative counts remain possible.
If price makes another low, the next major support area sits around $10, which corresponds to the April swing low.
If price instead breaks decisively above $17.30, it could open the door for a move toward the upper boundary of the larger range, currently projected around $26 to $27. Precise levels will become clearer if and when a breakout begins.
Short-Term Structure and Near-Term Levels
On the lower time frame, $LINK shows a structure similar to many other altcoins. While a higher high has already formed on December 9, the Wave 4 structure still appears incomplete.
The move from the November 21 low is best viewed as a W–X–Y correction, with the Y-wave unfolding as an A–B–C structure. The B-wave may still be developing.
The initial move higher was clearly a three-wave advance, suggesting a corrective structure rather than impulsive strength. This keeps the probability of another C-wave decline elevated.
Support Levels to Monitor
If the expected C-wave decline continues, key support lies between:
$13.22
$12.35
The $13.20 area stands out as the most immediate support. One more low remains the higher-probability scenario unless price breaks above the recent swing high near $14.35.
Volatility often increases late on Sundays, so short-term price action may already be in motion by the time this is read.
📉 SUI Price Update: Key Levels That Could Shape the Trend Into 2026
The $SUI market has been frustrating and that’s completely understandable. But instead of fighting the market, our job is to understand what it’s telling us.
🔍 Big Picture: SUI Is Still in a Downtrend
From the January 2025 high, SUI has been trading in a clear downtrend, which can be interpreted as an ABC corrective structure:
Wave A – initial impulsive decline
Wave B – corrective rally
Wave C – continuation to the downside
🎯 Ideal C-Wave Target Reached: $1.40 Confluence Zone
One of the most important takeaways is this:
Price has reached the ideal 100% extension of the C-wave at ~$1.40
This level is calculated by:
Measuring the length of Wave A
Projecting that distance from the Wave B high
What makes this level even more significant is Fibonacci confluence:
100% C-wave extension
50% retracement of the entire rally from the October 2023 low
Both levels overlap almost perfectly around $1.40–$1.41.
🔄 The Bounce: Wave (4) in Progress
After reaching the $1.40 support zone, $SUI staged a bounce — aligning well with what was expected for a Wave (4) corrective move.
📌 Current resistance zone:
$1.67 – $2.21
This resistance is derived from:
Fibonacci retracements of the third wave decline
Typical Elliott Wave guidelines for a Wave (4) rally
Price has moved into resistance in a three-wave structure, which is exactly what we expect from a corrective bounce.
⚠️ Is the Downtrend Over? Not So Fast
While reaching the 100% extension is encouraging, it’s only the first ideal target for a C-wave.
A full C-wave typically unfolds in five internal waves, and right now:
❌ The structure does not yet look complete
❌ A final fifth wave lower is still missing
Potential Extended C-Wave Targets:
$1.17 → 123.6% extension
$0.91 → 138.2% extension
$0.69 → 161.8% extension
These levels form a tight cluster of long-term support if price makes one more low.
⏱ Short-Term Focus: 1-Hour Timeframe Structure
In the short term, Wave (4) may not be finished yet.
Key observations:
No impulsive rejection from resistance
No confirmed breakdown structure
Price is still holding above key support
Key Support Zone:
$1.39 – $1.52
As long as this support holds, Wave (4) can continue to extend sideways or higher.
🔁 Two Scenarios to Watch
🔵 Scenario 1: Wave 4 Is Complete
Breakdown below supportImpulsive move lower beginsFifth wave targets: $1.17 → $0.91
🟡 Scenario 2: Wider Wave 4 (Still Active)
Price continues rangingPossible ABC or triangle structureBullish confirmation only above: $1.75 – $1.76 breakout
Until that breakout happens, any upside remains corrective, not impulsive.
🧠 Final Thoughts
$SUI has respected every major Elliott Wave and Fibonacci levelThe $1.40 zone was a textbook reaction pointThe market is quiet — which makes this a perfect learning environmentPatience is required until structure confirms direction
🔍 Big Picture: SUI Is Still in a Downtrend
From the January 2025 high, SUI has been trading in a clear downtrend, which can be interpreted as an ABC corrective structure:
Wave A – initial impulsive decline
Wave B – corrective rally
Wave C – continuation to the downside
🎯 Ideal C-Wave Target Reached: $1.40 Confluence Zone
One of the most important takeaways is this:
Price has reached the ideal 100% extension of the C-wave at ~$1.40
This level is calculated by:
Measuring the length of Wave A
Projecting that distance from the Wave B high
What makes this level even more significant is Fibonacci confluence:
100% C-wave extension
50% retracement of the entire rally from the October 2023 low
Both levels overlap almost perfectly around $1.40–$1.41.
🔄 The Bounce: Wave (4) in Progress
After reaching the $1.40 support zone, $SUI staged a bounce — aligning well with what was expected for a Wave (4) corrective move.
📌 Current resistance zone:
$1.67 – $2.21
This resistance is derived from:
Fibonacci retracements of the third wave decline
Typical Elliott Wave guidelines for a Wave (4) rally
Price has moved into resistance in a three-wave structure, which is exactly what we expect from a corrective bounce.
⚠️ Is the Downtrend Over? Not So Fast
While reaching the 100% extension is encouraging, it’s only the first ideal target for a C-wave.
A full C-wave typically unfolds in five internal waves, and right now:
❌ The structure does not yet look complete
❌ A final fifth wave lower is still missing
Potential Extended C-Wave Targets:
$1.17 → 123.6% extension
$0.91 → 138.2% extension
$0.69 → 161.8% extension
These levels form a tight cluster of long-term support if price makes one more low.
⏱ Short-Term Focus: 1-Hour Timeframe Structure
In the short term, Wave (4) may not be finished yet.
Key observations:
No impulsive rejection from resistance
No confirmed breakdown structure
Price is still holding above key support
Key Support Zone:
$1.39 – $1.52
As long as this support holds, Wave (4) can continue to extend sideways or higher.
🔁 Two Scenarios to Watch
🔵 Scenario 1: Wave 4 Is Complete
Breakdown below supportImpulsive move lower beginsFifth wave targets: $1.17 → $0.91
🟡 Scenario 2: Wider Wave 4 (Still Active)
Price continues rangingPossible ABC or triangle structureBullish confirmation only above: $1.75 – $1.76 breakout
Until that breakout happens, any upside remains corrective, not impulsive.
🧠 Final Thoughts
$SUI has respected every major Elliott Wave and Fibonacci levelThe $1.40 zone was a textbook reaction pointThe market is quiet — which makes this a perfect learning environmentPatience is required until structure confirms direction
ADA Cardano Update: Why This Is Still a Falling Knife and What Bulls Must Prove
Weekly and Intraday Elliott Wave Breakdown
Cardano $ADA is currently trading inside a larger corrective structure, and despite reaching a key support area, there is still no confirmation that a meaningful market low has formed.
Many traders assume that price must reverse as soon as it hits support. That is not how markets work. Support zones only increase the probability of a reaction, not a reversal. At the moment, ADA remains in a falling knife environment.
Big Picture: Weekly Time Frame Structure
On the weekly time frame, $ADA is still tracking a B wave pullback within a larger corrective move. While there are multiple bullish scenarios, most of them share the same support region.
Key observations:
The trend from the 2024 high remains clearly bearishThe move up from the 2023 low was a three wave structure, not a five wave impulseThree wave moves do not define a trend and can always evolve into larger corrective structures
There is currently no evidence that a long term bottom is in place
For a genuine trend change, the market must produce a clean five wave impulse. That has not happened yet.
For this reason, the move up is still best tracked as an ABC structure rather than a confirmed bullish trend.
Why the $0.38 Area Matters
ADA has now reached an important support zone between approximately $0.27 and $0.44, which corresponds to the 88.7 to 61.8 Fibonacci retracement range.
Within this zone, the area around $0.38 to $0.385 is especially important for two reasons:
1. The volume profile shows a strong spike in this region
2. This level represents the point of control, where a large amount of historical trading activity occurred
This significantly increases the probability of a reaction, but it does not guarantee a reversal.
If price moves higher on a larger degree, the next major resistance zone sits around $0.74, but that only becomes relevant after a confirmed structural shift.
Zooming In: One Hour Time Frame
On the one hour time frame, the internal structure becomes clearer.
From the December low, $ADA has formed:
A clear five wave move up
Followed by a three wave corrective pullback
This fits the definition of a flat correction.
In flat corrections:
Wave A usually unfolds in three waves
Wave B can overshoot the prior high
Wave C typically declines in five waves
The current decline aligns well with this pattern.
Within the C wave, the following substructure is visible:
Wave 1 and wave 2
A fully extended wave 3
A wave 4 consolidation
A final wave 5 decline into support
Extended third waves are common and usually represent the strongest emotional phase of the move.
The Most Important Level Right Now
The key level that now matters on the intraday time frame is $0.4112.
This price marks the last swing high formed during wave 4. A break and close above this level would strongly suggest that wave 5 has completed and that a local low is in place.
This does not confirm a higher time frame trend reversal, but it would be the first meaningful confirmation that an upside move is developing.
If price falls and holds below $0.387, bullish scenarios begin to weaken significantly.
Cardano $ADA is currently trading inside a larger corrective structure, and despite reaching a key support area, there is still no confirmation that a meaningful market low has formed.
Many traders assume that price must reverse as soon as it hits support. That is not how markets work. Support zones only increase the probability of a reaction, not a reversal. At the moment, ADA remains in a falling knife environment.
Big Picture: Weekly Time Frame Structure
On the weekly time frame, $ADA is still tracking a B wave pullback within a larger corrective move. While there are multiple bullish scenarios, most of them share the same support region.
Key observations:
The trend from the 2024 high remains clearly bearishThe move up from the 2023 low was a three wave structure, not a five wave impulseThree wave moves do not define a trend and can always evolve into larger corrective structures
There is currently no evidence that a long term bottom is in place
For a genuine trend change, the market must produce a clean five wave impulse. That has not happened yet.
For this reason, the move up is still best tracked as an ABC structure rather than a confirmed bullish trend.
Why the $0.38 Area Matters
ADA has now reached an important support zone between approximately $0.27 and $0.44, which corresponds to the 88.7 to 61.8 Fibonacci retracement range.
Within this zone, the area around $0.38 to $0.385 is especially important for two reasons:
1. The volume profile shows a strong spike in this region
2. This level represents the point of control, where a large amount of historical trading activity occurred
This significantly increases the probability of a reaction, but it does not guarantee a reversal.
If price moves higher on a larger degree, the next major resistance zone sits around $0.74, but that only becomes relevant after a confirmed structural shift.
Zooming In: One Hour Time Frame
On the one hour time frame, the internal structure becomes clearer.
From the December low, $ADA has formed:
A clear five wave move up
Followed by a three wave corrective pullback
This fits the definition of a flat correction.
In flat corrections:
Wave A usually unfolds in three waves
Wave B can overshoot the prior high
Wave C typically declines in five waves
The current decline aligns well with this pattern.
Within the C wave, the following substructure is visible:
Wave 1 and wave 2
A fully extended wave 3
A wave 4 consolidation
A final wave 5 decline into support
Extended third waves are common and usually represent the strongest emotional phase of the move.
The Most Important Level Right Now
The key level that now matters on the intraday time frame is $0.4112.
This price marks the last swing high formed during wave 4. A break and close above this level would strongly suggest that wave 5 has completed and that a local low is in place.
This does not confirm a higher time frame trend reversal, but it would be the first meaningful confirmation that an upside move is developing.
If price falls and holds below $0.387, bullish scenarios begin to weaken significantly.
📉 Bitcoin Weekend Update: Triangle Still in Play as Key Support Holds
Bitcoin has shown a bit of movement this Sunday a small dip on relatively low volume. While some may interpret this as a bearish signal, the broader market structure remains intact. In fact, nothing technically significant has broken, and no major wave count changes are required at this stage.
🔍 What Happened Today?
The move we saw today appears to be a small-volume weekend dump, possibly even a minor bear trap. These kinds of moves are common on Sundays, when liquidity is thin and nano-structure often shifts quickly.
Importantly:
No impulsive move to the downside has occurredKey support levels are still respectedThe broader consolidation remains intact
🔺 Triangle Structure: Still Valid (But Low Probability)
The triangle scenario we are tracking is still technically valid, although it remains a low-probability structure.
> Triangles are among the least reliable Elliott Wave patterns, especially on lower timeframes.
What’s important to understand:
The triangle is best seen as a snapshot in timeIt could easily morph into a more complex B-waveMinor changes in the micro or nano structure are to be expected
Educational Note 🧠
In Elliott Wave theory:
An E-wave must not break below the C-wave low
A high B-wave is allowed (similar to flat corrections)
This means an upside breakout remains possible
📌 Key takeaway:
Labels are not trade setups.
Trade setups come from 1–2 structures or clear ABC patterns, not from triangles alone.
📊 Where Support Really Matters
Despite short-term noise, support remains unchanged and respected.
🔸 Key Support Zone (Fibonacci Retracement Area)
86,027 – 88,937
This zone has been tested multiple times:
December 5
Sunday, December 7
Again today
Each time, price has reacted positively, confirming the importance of this area.
📐 Fibonacci Reactions Observed
Multiple reactions at 50% retracement
Clear respect of the 61.8% retracement
This tells us that the market is still respecting technical levels, even in low-volume conditions.
The orange Fibonacci support box (86,027–88,937)
Multiple price reactions at 50% and 61.8%
Dates of previous tests clearly marked
🚧 Resistance Levels to Watch
Until resistance breaks, there is no confirmation that a low is in.
Key Levels:
~90,750 → Short-term swing high from Saturday
94,650 → Major December swing high (December 9)
Thursday’s high (Dec 11) → Critical level for trend confirmation
🧭 Big Picture: Sideways Consolidation
At the moment, Bitcoin remains in a sideways consolidation phase. When price action slows down like this, it’s often the best time to focus on education and structure, rather than chasing trades.
There is:
No impulsive downside move
No confirmed upside breakout
No reason to panic — or to force trades
🔍 What Happened Today?
The move we saw today appears to be a small-volume weekend dump, possibly even a minor bear trap. These kinds of moves are common on Sundays, when liquidity is thin and nano-structure often shifts quickly.
Importantly:
No impulsive move to the downside has occurredKey support levels are still respectedThe broader consolidation remains intact
🔺 Triangle Structure: Still Valid (But Low Probability)
The triangle scenario we are tracking is still technically valid, although it remains a low-probability structure.
> Triangles are among the least reliable Elliott Wave patterns, especially on lower timeframes.
What’s important to understand:
The triangle is best seen as a snapshot in timeIt could easily morph into a more complex B-waveMinor changes in the micro or nano structure are to be expected
Educational Note 🧠
In Elliott Wave theory:
An E-wave must not break below the C-wave low
A high B-wave is allowed (similar to flat corrections)
This means an upside breakout remains possible
📌 Key takeaway:
Labels are not trade setups.
Trade setups come from 1–2 structures or clear ABC patterns, not from triangles alone.
📊 Where Support Really Matters
Despite short-term noise, support remains unchanged and respected.
🔸 Key Support Zone (Fibonacci Retracement Area)
86,027 – 88,937
This zone has been tested multiple times:
December 5
Sunday, December 7
Again today
Each time, price has reacted positively, confirming the importance of this area.
📐 Fibonacci Reactions Observed
Multiple reactions at 50% retracement
Clear respect of the 61.8% retracement
This tells us that the market is still respecting technical levels, even in low-volume conditions.
The orange Fibonacci support box (86,027–88,937)
Multiple price reactions at 50% and 61.8%
Dates of previous tests clearly marked
🚧 Resistance Levels to Watch
Until resistance breaks, there is no confirmation that a low is in.
Key Levels:
~90,750 → Short-term swing high from Saturday
94,650 → Major December swing high (December 9)
Thursday’s high (Dec 11) → Critical level for trend confirmation
🧭 Big Picture: Sideways Consolidation
At the moment, Bitcoin remains in a sideways consolidation phase. When price action slows down like this, it’s often the best time to focus on education and structure, rather than chasing trades.
There is:
No impulsive downside move
No confirmed upside breakout
No reason to panic — or to force trades
🔍 Solana Update: Sideways Before the Next Big Move?
Solana is currently in a consolidation phase, and while price action may look boring on the surface, these are often the moments before volatility returns.
📈 Bigger Picture: Markets Need to Breathe
After a strong decline from the September high into the November low, the market needs time to rebalance. This is completely normal behavior.
What we’re seeing now is a sideways consolidation, which can be interpreted as the market “breathing” after a directional move. On the weekly chart, Solana is currently holding a key support zone between $117 and $138.
This sideways price action can be treated as part of a larger Wave 4 structure. While a move higher is technically possible, the more probable scenario remains one more low—a potential Wave 5 of C—as long as support continues to hold.
🔄 Medium-Term Structure: ABC Consolidation
Zooming in, Solana has now been moving sideways for about four weeks. This range can be interpreted as an ABC corrective structure, where:
Wave A initiated the consolidation
Wave B is currently unfolding sideways
Wave C could still develop next
This sideways movement is best viewed as a B-wave, and B-waves are known to be fragile—they can easily shift or extend.
🧠 Short-Term View: Micro Structure & Key Levels
On the lower time frame, a micro five-wave move can be identified from the recent low. While it’s not a clean or strong structure, it does technically count as a five-wave sequence.
This should not be considered a high-confidence 1–2 setup, but it’s still useful for short-term context.
🔑 Key Levels to Watch:
Resistance: $134.25
A break above this level would confirm a short-term low.
Support: $131.28
A break below would suggest the B-wave is resetting lower.
The market remains quiet, but these transition phases often precede explosive moves.
📈 Bigger Picture: Markets Need to Breathe
After a strong decline from the September high into the November low, the market needs time to rebalance. This is completely normal behavior.
What we’re seeing now is a sideways consolidation, which can be interpreted as the market “breathing” after a directional move. On the weekly chart, Solana is currently holding a key support zone between $117 and $138.
This sideways price action can be treated as part of a larger Wave 4 structure. While a move higher is technically possible, the more probable scenario remains one more low—a potential Wave 5 of C—as long as support continues to hold.
🔄 Medium-Term Structure: ABC Consolidation
Zooming in, Solana has now been moving sideways for about four weeks. This range can be interpreted as an ABC corrective structure, where:
Wave A initiated the consolidation
Wave B is currently unfolding sideways
Wave C could still develop next
This sideways movement is best viewed as a B-wave, and B-waves are known to be fragile—they can easily shift or extend.
🧠 Short-Term View: Micro Structure & Key Levels
On the lower time frame, a micro five-wave move can be identified from the recent low. While it’s not a clean or strong structure, it does technically count as a five-wave sequence.
This should not be considered a high-confidence 1–2 setup, but it’s still useful for short-term context.
🔑 Key Levels to Watch:
Resistance: $134.25
A break above this level would confirm a short-term low.
Support: $131.28
A break below would suggest the B-wave is resetting lower.
The market remains quiet, but these transition phases often precede explosive moves.
📉 Ethereum Update: Quiet Weekend Ahead as ETH Stalls Below Trend Resistance
Ethereum continues to trade in a tight range, holding just below the upper boundary of its trend channel, and all signs currently point toward a low-volatility weekend. Based on historical behavior and current market conditions, a major breakout over the weekend appears unlikely.
🔍 Market Context: Why the Weekend May Stay Quiet
Historically, Ethereum (and crypto markets in general) rarely see decisive channel breakouts over weekends, especially when:
Trading volume is already declining
Liquidity is thin toward year-end
Price action lacks impulsive structure on lower timeframes
This environment usually leads to range-bound price action, which is exactly what we are seeing now.
📊 Ethereum Trend Channel & Higher Timeframe Outlook
$ETH remains below the upper boundary of its trend channel, while price is still holding above the channel’s center line, currently around $2,800–$2,810.
A clear break below this center line would significantly increase the probability that Ethereum is heading toward the next downside target zone.
🔽 Potential Downside Target (Wave 5 Scenario):
$2,626 – $2,258
At this stage, there is not enough evidence to confirm a market top, but there are early warning signs suggesting that the corrective structure may already be complete.
🌊 Elliott Wave Perspective: Two Scenarios in Play
Ethereum currently presents two valid scenarios:
🟡 Scenario 1 (Yellow Count – Bearish Continuation)
The corrective wave 4 likely ended at the November 21 low
$ETH is now potentially starting a wave 5 impulse to the downside
This move would likely unfold as a five-wave structure lower
This scenario gains confirmation below $2,800.
🔵 Alternative Scenario (Bullish Diagonal Potential)
The November 21 low may already be a meaningful bottom
A developing diagonal pattern could be forming
Confirmation requires a break above $3,245
While this diagonal is not ideal in structure, it would still be taken seriously if confirmed.
⏱ Short-Term Weekend Range: Key Support & Resistance
Ethereum is currently respecting the expected weekend range, which is common during periods of low volume.
🟢 Weekend Support:
$2,983 – $3,068
Price has already bounced from this area
🔴 Weekend Resistance:
$3,156 – $3,245
Aligns with the upper boundary of the trend channel
This price action likely represents a corrective bounce (wave 2) within a broader bearish structure, rather than the start of a new impulsive move.
A potential increase in volatility could occur late Sunday, but until then, range trading remains the higher-probability outcome.
🔍 Market Context: Why the Weekend May Stay Quiet
Historically, Ethereum (and crypto markets in general) rarely see decisive channel breakouts over weekends, especially when:
Trading volume is already declining
Liquidity is thin toward year-end
Price action lacks impulsive structure on lower timeframes
This environment usually leads to range-bound price action, which is exactly what we are seeing now.
📊 Ethereum Trend Channel & Higher Timeframe Outlook
$ETH remains below the upper boundary of its trend channel, while price is still holding above the channel’s center line, currently around $2,800–$2,810.
A clear break below this center line would significantly increase the probability that Ethereum is heading toward the next downside target zone.
🔽 Potential Downside Target (Wave 5 Scenario):
$2,626 – $2,258
At this stage, there is not enough evidence to confirm a market top, but there are early warning signs suggesting that the corrective structure may already be complete.
🌊 Elliott Wave Perspective: Two Scenarios in Play
Ethereum currently presents two valid scenarios:
🟡 Scenario 1 (Yellow Count – Bearish Continuation)
The corrective wave 4 likely ended at the November 21 low
$ETH is now potentially starting a wave 5 impulse to the downside
This move would likely unfold as a five-wave structure lower
This scenario gains confirmation below $2,800.
🔵 Alternative Scenario (Bullish Diagonal Potential)
The November 21 low may already be a meaningful bottom
A developing diagonal pattern could be forming
Confirmation requires a break above $3,245
While this diagonal is not ideal in structure, it would still be taken seriously if confirmed.
⏱ Short-Term Weekend Range: Key Support & Resistance
Ethereum is currently respecting the expected weekend range, which is common during periods of low volume.
🟢 Weekend Support:
$2,983 – $3,068
Price has already bounced from this area
🔴 Weekend Resistance:
$3,156 – $3,245
Aligns with the upper boundary of the trend channel
This price action likely represents a corrective bounce (wave 2) within a broader bearish structure, rather than the start of a new impulsive move.
A potential increase in volatility could occur late Sunday, but until then, range trading remains the higher-probability outcome.
Solana Approaches Key Levels as Market Awaits Clear Direction
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.
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.
$SUI is currently bouncing from the 100% extension at 1.41 USD, which has been an important support level. Price is now approaching the resistance zone for a potential wave 4 bounce between 1.68 USD and 2.21 USD. The market needs some room within this area, as wave 4 bounces can vary in depth.
If $SUI completes 5 waves to the upside and breaks above 2.21 USD, it could indicate that a more meaningful low has already formed. For now, though, the downside structure still looks incomplete. Bitcoin also suggests the possibility of another low after a 3-wave corrective bounce, which aligns with a fourth wave interpretation.
On the $SUI chart, I am treating this move as wave 4 within a larger C-wave to the downside. A full C-wave requires 5 waves, so one more low appears to be missing. As always, the market can do anything, but if we see a clear reaction in the resistance zone that signals wave 4 has topped, I will update accordingly.
If $SUI completes 5 waves to the upside and breaks above 2.21 USD, it could indicate that a more meaningful low has already formed. For now, though, the downside structure still looks incomplete. Bitcoin also suggests the possibility of another low after a 3-wave corrective bounce, which aligns with a fourth wave interpretation.
On the $SUI chart, I am treating this move as wave 4 within a larger C-wave to the downside. A full C-wave requires 5 waves, so one more low appears to be missing. As always, the market can do anything, but if we see a clear reaction in the resistance zone that signals wave 4 has topped, I will update accordingly.
$ETH
Ethereum has performed well over the last few days and is now trading in the middle of a trend channel. Both the yellow structure and the blue structure allow for further upside, with the yellow scenario being the more direct bullish pathway.
The current micro support for the yellow structure is between 2,926 USD and 2,998 USD. Ideally, price should hold above 2,926 USD if the direct bullish path continues. A break below that level would still keep the blue structure in play, which allows for a deeper test of the main support zone between 2,713 USD and 2,838 USD as part of an extended A-B-C pattern.
The next resistance sits at 3,165 USD, and a slight overshoot is possible. As mentioned repeatedly in recent videos, the focus has been on higher prices since the low on Friday 21st November.
Ethereum has performed well over the last few days and is now trading in the middle of a trend channel. Both the yellow structure and the blue structure allow for further upside, with the yellow scenario being the more direct bullish pathway.
The current micro support for the yellow structure is between 2,926 USD and 2,998 USD. Ideally, price should hold above 2,926 USD if the direct bullish path continues. A break below that level would still keep the blue structure in play, which allows for a deeper test of the main support zone between 2,713 USD and 2,838 USD as part of an extended A-B-C pattern.
The next resistance sits at 3,165 USD, and a slight overshoot is possible. As mentioned repeatedly in recent videos, the focus has been on higher prices since the low on Friday 21st November.
🚀 Doge Update: Wave 2 Support Holding — Is a Big Wave 3 Coming Next?
🐶 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.
$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: Weak Wave 4 Bounce or Just a Dead-Cat Rally? Key Levels to Watch
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
📉 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 Holds Key Fibonacci Support — Is This the Start of a Real Reversal?
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.
🟦 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: Downtrend Still Dominant — What Must Happen for a Real Reversal?
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.
🔎 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.
Bearish sentiment peaks at bottoms. If everyone agrees the market is dead, it’s time to buy
🚀 Solana Market Update: Are We Seeing the First Signs of a Wave-4 Reversal?
📌 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
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
$ETH
Ethereum has reached the 2,620–2,630 USD region, which I have repeatedly mentioned as the next downside target. This area also aligns with the lower boundary of the trend channel, so the reaction here is important.
I am still tracking the idea that ETH may start its next bounce from this zone over the coming one to two weeks. This would be circle wave 4 in the current structure. The resistance region for that potential wave 4 sits between 3,170 USD and 3,553 USD, along with the upper boundary of the trend channel.
For now, ETH is at a logical support area, but we still need confirmation through structure. A clear reaction or 5-wave move up is required before treating any bounce as a confirmed wave 4.
Ethereum has reached the 2,620–2,630 USD region, which I have repeatedly mentioned as the next downside target. This area also aligns with the lower boundary of the trend channel, so the reaction here is important.
I am still tracking the idea that ETH may start its next bounce from this zone over the coming one to two weeks. This would be circle wave 4 in the current structure. The resistance region for that potential wave 4 sits between 3,170 USD and 3,553 USD, along with the upper boundary of the trend channel.
For now, ETH is at a logical support area, but we still need confirmation through structure. A clear reaction or 5-wave move up is required before treating any bounce as a confirmed wave 4.
$XRP is now sitting quite deep inside the Fibonacci support zone. The smaller time frames have also reached their respective target areas, which is why I am watching this region for potential reversal signals. However, the price can still fall further without any issue as long as we do not see a 5-wave move to the upside. That remains the critical requirement for any early confirmation of strength.
The next major resistance zone sits between 2.68 USD and 2.84 USD. This area must be broken decisively before we can even begin to talk about a more sustainable upward move.
Also, once again, I want to highlight the data-quality issue: on Binance, the low on October 10 was significantly lower than on other exchanges. We have different lows across different platforms, which makes the Fibonacci measurements unreliable. Because of that, we must stay flexible and remain open to the possibility of deeper prices if no reversal signal appears.
The current support zone has limited reliability due to these discrepancies. A 5-wave move up is required before any bottoming assumption becomes meaningful.
The next major resistance zone sits between 2.68 USD and 2.84 USD. This area must be broken decisively before we can even begin to talk about a more sustainable upward move.
Also, once again, I want to highlight the data-quality issue: on Binance, the low on October 10 was significantly lower than on other exchanges. We have different lows across different platforms, which makes the Fibonacci measurements unreliable. Because of that, we must stay flexible and remain open to the possibility of deeper prices if no reversal signal appears.
The current support zone has limited reliability due to these discrepancies. A 5-wave move up is required before any bottoming assumption becomes meaningful.
🚀 Solana Weekend Outlook: Are We Near a Reversal or Just a Dead-Cat Bounce?
🔍 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.
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.
🚀 Ethereum at a Critical Pivot: Key Levels, Wave Counts & What Comes Next
📌 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 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.
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