SOL Micro Structure Update: Wave A Completion? ๐
Solana (SOL) is showing interesting short-term price action on the lower timeframes (30m) as it continues to build its corrective roadmap.
๐ด Current Wave Breakdown:
The recent move toward $106.00 appears to be a shallow sub-wave a completion, hitting minor resistance near the local trendline.
SOL is now looking at a potential minor pullback in sub-wave b, with key Fibonacci levels between $102.80 and $104.20 providing immediate support.
๐ฎ The Next Move: If the lower Fibonacci support holds during this pullback, SOL remains on track to launch sub-wave c higher toward the major recovery target zone between $110.00 and $113.45+.
๐ก Market Perspective:
Is SOL building momentum for a cleaner breakout above the local trendline?
Or will resistance keep price capped within the lower range?
#SOL #Solana #CryptoAnalysis #ElliottWave #Trading #BinanceSquare
Solana (SOL) is showing interesting short-term price action on the lower timeframes (30m) as it continues to build its corrective roadmap.
๐ด Current Wave Breakdown:
The recent move toward $106.00 appears to be a shallow sub-wave a completion, hitting minor resistance near the local trendline.
SOL is now looking at a potential minor pullback in sub-wave b, with key Fibonacci levels between $102.80 and $104.20 providing immediate support.
๐ฎ The Next Move: If the lower Fibonacci support holds during this pullback, SOL remains on track to launch sub-wave c higher toward the major recovery target zone between $110.00 and $113.45+.
๐ก Market Perspective:
Is SOL building momentum for a cleaner breakout above the local trendline?
Or will resistance keep price capped within the lower range?
#SOL #Solana #CryptoAnalysis #ElliottWave #Trading #BinanceSquare