SOL/USD Elliott Wave technical analysis [Video]
|SOL/USD Elliott Wave technical analysis
Function: Counter-trend.
Mode: Corrective.
Structure: Flat.
Position: Wave B.
Next direction (higher degree):
Invalidation Level:
SOL/USD trading strategy
The current SOLUSD (Solana) chart reveals an unfinished consolidation. Analyzing the wave patterns suggests that Wave C of the ABC corrective structure is still unfolding. The highs between $210 and $215, observed in early 2025, likely signaled the conclusion of the larger Impulse Wave (Wave V). Since then, the market has moved downward with weakening momentum. Wave a completed near $112.16, followed by a modest bounce in Wave b. Currently, Wave c is progressing.
Trading strategies
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Strategy
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Approach
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For short-term traders (Swing Trade)
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Watch for a bearish reversal signal near the $130 level.
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If the price fails to hold and gets rejected at the Fibonacci resistance, consider initiating a short position.
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Place a stop loss just above $135 for protection.
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Risk management
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SOL/USD Elliott Wave technical analysis
Function: Counter-trend.
Mode: Corrective.
Structure: Flat.
Position: Wave B.
Next direction higher degree):
Invalidation level:
SOL/USD trading strategy
The current chart of SOLUSD (Solana) still reflects an incomplete consolidation phase. Wave C in the ABC formation hasn’t yet played out fully. Earlier in 2025, the price peaked between $210–$215, likely ending the major Impulse Wave (Wave V). Since that peak, price action has shown a downward trend with reduced strength. Wave a ended at approximately $112.16, then a brief retracement formed Wave b. Now, Wave c is active and developing.
Trading strategies
-
Strategy
-
Approach
-
For short-term traders (Swing Trade)
-
Look out for a bearish reversal pattern near the $130 resistance level.
-
If the price shows rejection at the Fibonacci zone, a short position may be suitable.
-
Use a stop loss placed above $135.
-
-
-
Risk management
-
SOL/USD Elliott Wave technical analysis [Video]
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