$SOL : Elliott Wave Analysis & Key Scenarios

Solana (SOL) recently pulled back to the $100–$101 region. Here is the breakdown of two primary scenarios on the 1H timeframe:

📊 Scenario Breakdown:

1️⃣ Possibility 1: Bullish Impulse (Wave v)
Wave (iv) macro bottomed out around $101.
Currently starting Wave (v) towards $130 – $139.
Invalidation: A breakdown below $94.50.

2️⃣ Possibility 2: Corrective Relief (Wave b)
Current upside movement is a corrective Wave (b).
Target bounce zone: $110 – $116 before potential rejection.

💡 Key Takeaways & Strategy:
Both scenarios point toward short-term upside momentum toward $107 – $108 first.
$110 – $116 is the crucial decision zone:
Rejection here validates Scenario 2 (time to take profit).

A strong breakout above $116 confirms Scenario 1 targeting $130+.
What scenario are you playing? Share your thoughts below! 👇
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