$SOL UPDATE: My Wave B scenario never played out. SOL

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$SOL UPDATE:

My Wave B scenario never played out. SOL moved directly into Wave C, hitting the $70 region.

The bearish setup played out exactly as anticipated, while just a month ago, everyone was targeting $200–$300 after SOL crossed $120.

Now, this support must hold for a potential bullish reversal.
If it fails, I'm prepared to accumulate SOLANA near $30 for the long term.

Long-term targets: $500–$1,000.

NFA & Always DYOR

CryptoPatel

$SOL Just Completed 5 Elliott Waves. Is a Massive Correction Coming?

Solana appears to have completed a 5-wave bullish impulse, with the rejection near $125 potentially marking the beginning of a larger ABC correction.

My key levels:
➤ $90–$93: Immediate support (Wave A)
➤ $107–$112: Potential Wave B rejection zone
➤ $73–$78: Major demand zone (Potential Wave C completion)

If Wave C completes near $73–$78, SOL could prepare for its next major bullish expansion towards $160–$200.
Structural invalidation level: $114 HTF close above this level.

Patience. Let Elliott Wave structure confirm the next move. NFA.

#SOLANA

SOL-9.83%