I'm analyzing Solana's current structure, and it appears to be tracking a wave 2 correction. However, price movements from the September low have been corrective and overlapping, indicating uncertainty.
Key levels to watch: Solana's critical support sits at $119, while resistance lies at $162. A breakout above $162 could signal further upside potential, potentially targeting $183-184.
Until a breakout occurs, Solana remains in a sideways range. Patience is required. As long as the $119 support level holds, there's potential for more upside. A break below $119 could signal a downside move. I'll continue monitoring these levels closely.
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