#SolanaUpdate 🚀
Hello Binance Square! Today I bring you an update on Solana. $SOL
Currently, Solana is still forming an Elliott wave triangle in wave 4.
We are at the upper limit of the lateral range, around $190.
The pattern will only be invalidated if wave D surpasses the high of wave B, which has not happened yet.
Although Solana could extend to $190 or a little higher, we do not want to see a sustained break above that level.
Remember, the Dollar Cost Average (DCA) strategy is key. Allows accumulation $SOL
regularly and reduce the impact of volatility. Although the trend remains bullish, the risk is high and it is prudent to watch for signs of change, such as a break below $170.7.
If the price breaks $190 sustainably, we could see an extension to $192.60 and beyond.
However, a rejection near $190 followed by a correction could be the cleanest scenario before a possible rally in wave 5.
Stay informed and follow our updates at #binancesuquare Thank you for watching and don't forget to like and subscribe! 🚀📈
