confirming the anticipated pullback scenario ๐
๐ *Key Levels to Watch:*
- *Resistance:* $250 (tested as expected) ๐
- *Support Zone:* $217 โ $236 (wave 4 support zone) ๐ก๏ธ
- *Ideal Retracement:* 38.2% Fib at ~$229, 50% Fib at ~$223 ๐
- *Critical Level:* $217 (must hold for diagonal pattern validity) ๐ด
๐ *Short-Term Price Action:*
- Three-wave corrective structure unfolding since Sunday ๐
- Price reached $232, close to the 38.2% retracement ๐
- Another dip toward $223โ$224 would be considered healthy for wave 4 ๐
๐ *The Bigger Picture:*
- Wave 5 rally expected toward $360โ$380 if pullback completes as wave 4 ๐ฎ
- Breaking below $217 would suggest a larger correction is unfolding โ ๏ธ
*Current Price:* $235.57 (-2.8% in last 24h) ๐
*Stay Informed:*
Keep an eye on SOL's price action and adjust your strategy accordingly ๐
#SolanaPriceAnalysis #Wave4Pullback #ElliottWaveTheory #CryptoMarketTrends #SolanaPricePrediction
