The Trust Layer for Market Analysts

The analysis focuses on Solana (SOL) and its potential price movements based on Elliott Wave theory. The long-term outlook suggests a possible bullish continuation after a recent price consolidation. The current price action is being monitored closely, with key support and resistance levels identified. A break above the $89.90 level is considered bullish, targeting the $100 to $114 range. Conversely, a break below $61.34 would invalidate the bullish structure. The short-term 15-minute chart analysis indicates a lack of significant movement over the weekend, but the overall trend remains cautiously optimistic for a further upward move if key resistance levels are breached.