🚀 Solana (SOL) Price News Today: Elliott Wave Technical Analysis & Price Update! 📊

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If you're tracking Solana ($SOL ) and its price movements, today's update is packed with Elliott Wave analysis to help you stay ahead of the market!

🧐 What is Elliott Wave Analysis?

Elliott Wave Theory is a popular technical analysis tool used to predict the future movement of a cryptocurrency based on its past price patterns. It breaks down price action into waves that can help traders identify market trends, corrections, and potential breakout points.

📉 Current Solana (SOL) Price Analysis:

Here’s where Solana stands according to the Elliott Wave model:

Wave 1 (Initial Bullish Surge): Solana saw a strong upward movement at the start of its recent bull run, which is part of the first wave. Investors who got in early were able to capitalize on this surge.

Wave 2 (Correction): After hitting highs, Solana experienced a correction, which is typical in Elliott Wave theory. This correction could be an opportunity for bargain hunting as the market consolidates and prepares for the next wave.

Wave 3 (Next Major Bullish Push): Wave 3 is often the longest and most powerful wave in Elliott Wave theory.

Wave 4 (Subtle Correction): After the Wave 3 surge, Solana might experience a slight pullback, which is typical as traders lock in profits. This is likely to be a smaller correction compared to Wave 2.

Wave 5 (Final Push):

💥 Price Target & Prediction:

Based on Elliott Wave analysis, Solana's price could be aiming to reach new local highs. A break above the $100 mark could signal the start of a strong bullish wave, while a dip towards $70-$80 could present a buying opportunity before the next leg up.

⚠️ Key Considerations:

Do you think Solana is about to break out? 📈 Let me know your thoughts in the comments below!

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