SOL drifts in that ascending wedge as October rolls in. The Elliott Wave thing looks good. Kinda promising actually. But price needs to stay up above those support floors.
🔑 What to keep an eye on:
Daily Support: $140-$161
Quick Support: $192-$197
Ceiling above: $208-$212
If things get ugly: $166-$181
SOL's trapped. Just bouncing between $192 and $212. Classic squeeze play. This weekend might break the stalemate.
📊 Wave Talk:
Since April's bottom, SOL seems to be riding a C wave up. Should be a five-wave thing. Got what looks like waves 1-2 formed. Momentum's been weak since Thursday though. Makes things a bit fuzzy.
Break $212? We might zoom to $360-$380. That would be sweet. 🌕
Fall under $192? Back to $166-$181 we go. Trendline waits there.
⚖️ Market Mood:
It's a standoff:
Bulls want $212 to crack
Bears pushing for under $192
Neither winning? We drift sideways
Weekend's coming. Watch that $192-$197 floor. The $208-$212 ceiling matters too. Once something gives, we'll know if SOL keeps climbing or needs to cool off a bit. 🔥
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Solana's Weekend Vibe: Stuck in a Trading Box 🚀
SOL drifts in that ascending wedge as October rolls in. The Elliott Wave thing looks good. Kinda promising actually. But price needs to stay up above those support floors.
🔑 What to keep an eye on:
Daily Support: $140-$161 Quick Support: $192-$197 Ceiling above: $208-$212 If things get ugly: $166-$181
SOL's trapped. Just bouncing between $192 and $212. Classic squeeze play. This weekend might break the stalemate.
📊 Wave Talk:
Since April's bottom, SOL seems to be riding a C wave up. Should be a five-wave thing. Got what looks like waves 1-2 formed. Momentum's been weak since Thursday though. Makes things a bit fuzzy.
Break $212? We might zoom to $360-$380. That would be sweet. 🌕 Fall under $192? Back to $166-$181 we go. Trendline waits there.
⚖️ Market Mood:
It's a standoff:
Weekend's coming. Watch that $192-$197 floor. The $208-$212 ceiling matters too. Once something gives, we'll know if SOL keeps climbing or needs to cool off a bit. 🔥