Solana (SOLUSD) Crypto Price News Today Elliott Wave Technical Overview By TradingLounge

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Elliott Wave Analysis – TradingLounge Daily Chart,
Solana/ U.S. Dollar (SOLUSD)
SOLUSD Elliott Wave Technical Overview
Function: Counter-trend
Mode: Corrective
Structure: Flat
Position: Wave C
Next Higher Degree Direction: Pending
Wave Cancel Invalid Level: Not Specified
Solana (SOLUSD) Trading Strategy:
After reaching a high point that ended the Wave V uptrend, Solana’s price entered a notable corrective structure. The current move is identified as Wave B—a mid-term rebound phase—preceding a potential decline in Wave C.
Trading Strategies
Primary Strategy
✅ For Short-Term (Swing) Traders:
If SOLUSD climbs into the $162–$182 range and then shows signs of reversing, traders may consider initiating a short position targeting Wave C’s development.
Risk Management
The invalidation point for this wave count lies above the Wave V peak, around $320. Exceeding this level would negate the current corrective outlook.

Elliott Wave Analysis – TradingLounge H4 Chart,
Solana/ U.S. Dollar (SOLUSD)
SOLUSD Elliott Wave Technical Overview
Function: Counter-trend
Mode: Corrective
Structure: Flat
Position: Wave C
Next Higher Degree Direction: Pending
Wave Cancel Invalid Level: Not Specified
Solana (SOLUSD) Trading Strategy:
Solana peaked at the end of the Wave V uptrend. Since then, the market has entered a corrective structure. Currently, price action is forming Wave B—a rebound stage—before a likely continuation downward into Wave C.
Trading Strategies
Primary Strategy
✅ For Short-Term (Swing) Traders:
A rise into the $162–$182 range followed by a reversal could offer a shorting opportunity aimed at capturing Wave C.
Risk Management
A break above $320, the resistance level from Wave V, invalidates this wave count scenario.

Technical Analyst : Kittiampon Somboonsod, CEWA

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