$SOL Weekly Analysis – Big Decision Ahead

For Solana I’m expecting a correction into the 160–167 range. Either the fifth wave isn’t finished yet, or buyers have already spent most of their strength on the third wave and the correction phase has started, or we might still see an impulse up into the 190–199 range. On the chart, I’ve marked two possible scenarios for how the price could move.

I’ve also highlighted the key levels:
Bullish scenario: from 168, the price moves toward 220 (resistance level), and from there we could see a local correction back to 160–165.
Bearish scenario: the price is already in a correction phase and heading toward 140–145.
RSI points toward the bearish scenario, but if buyers show strength things can change.

Disclaimer: The author’s opinion may not align with yours.[/I]
SOLUSDT.P