SOL/USDT – Double Zigzag Completed! Is a Bullish Reversal Next?

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Solana (SOL) has likely completed a Double Zigzag (WXY) correction, with Wave C of Y bottoming at $130.60 (1.0 Fibonacci extension). This suggests a potential trend reversal, but SOL must first break key resistance at $146-$150 to confirm a bullish move.

🔹 Elliott Wave Analysis & Bullish Scenario
If the Double Zigzag correction is complete, SOL could begin a new impulse wave, targeting:
✅ $169-$173 (0.5 Fibonacci retracement, previous Wave B resistance)
✅ $180-$195 (0.382 Fib & major supply zone)
✅ $220+ (Wave 3 extension target)

🔻 Bearish Scenario – Extended Correction?
If SOL fails to break $150, it could indicate that the correction is not yet over, leading to:
❌ Retesting $130 support
❌ Possible extended correction towards $113-$100 (1.272 Fib extension)

📌 Key Level to Watch:
🔹 A break & close above $150 signals bullish continuation.
🔹 A rejection could mean further downside.

📊 Is SOL ready for a breakout, or will we see another leg down? Share your thoughts below! 👇🔥

il y a 21 heures

Ordre annulé

Updated new post with correct degree count

il y a 19 heures

Note

Click the image for updated count and future updates.