weekly technical analysis of Solana (SOL), illustrating two major Elliott Wave cycles. After reaching a peak $295, resistance zone around $250 , SOL has entered a corrective phase and is currently trading around $132. The chart highlights a first downside target in the $110–$120 area, with a deeper support region projected around $60–$68 if the correction continues. Overall, the analysis suggests bearish momentum in the short term, while long-term support levels may offer potential accumulation opportunities.
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$SOL
weekly technical analysis of Solana (SOL), illustrating two major Elliott Wave cycles. After reaching a peak $295, resistance zone around $250 , SOL has entered a corrective phase and is currently trading around $132. The chart highlights a first downside target in the $110–$120 area, with a deeper support region projected around $60–$68 if the correction continues. Overall, the analysis suggests bearish momentum in the short term, while long-term support levels may offer potential accumulation opportunities.