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

Strategy
- Approach
  - For short-term traders (Swing Trade)
    - Watch for a bearish reversal signal near the $130 level.
    - If the price fails to hold and gets rejected at the Fibonacci resistance, consider initiating a short position.
    - Place a stop loss just above $135 for protection.
- Risk management

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