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SOLUSDT
Entry 175.9600 2025-08-12 07:50 UTC
Target 216.0000
Fail 169.0000
Risk / Reward 1 : 6
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SOLUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis focuses on SOLUSDT. Solana has dipped into the Fibonacci support zone, precisely at the 50% retracement level. The analyst notes it's currently a three-wave move to the upside from the August low, not yet a five-wave move which would confirm that wave two bottomed in August. The analyst is watching to see if the market can form a five-wave move upwards. If a five-wave move forms, then a wave one and pull back to wave two can be expected, followed by higher prices. There is structurally no change as the price has formed a three-wave move down into support. The video monitors for a fifth wave move up can start from here. A break below $170 would suggest this was only a three wave price top.
Principled
Comprehensible
Accurate
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