Solana's Technical Picture: Stuck in a Range, Watching Key Levels

Solana (SOL) keeps bouncing around inside an ascending wedge. Daily chart shows this clearly. The Elliott Wave pattern looks kinda bullish—if SOL doesn't crash through certain price floors. Market's a bit unpredictable right now.

The Numbers That Matter

Daily Floor: $348 – $366 Quick Support: $392 – $397 Ceiling Above: $412 – $418 Danger Zone: $371 – $384

SOL's trapped. $392 below, $418 above. Just going sideways, really. When it finally breaks out? That's when things get interesting.

Wave Counting

Since July 2025's bottom, seems like SOL's building a C wave up. These typically come in five smaller waves. Looks like waves 1-2 might be done, but the momentum's been weak lately. Makes it fuzzy.

Break $418? Might rocket toward $560-$580. Nice.

Drop under $392? We're probably visiting $371-$384. That's where the trendline sits.

Market Mood

SOL feels balanced on a knife edge:

Bulls need $418 to crack. Then they're in charge again. Bears are drooling for a drop below $392.

Until something gives, we're stuck watching this sideways dance. Might even form a triangle pattern. Who knows?

Bottom Line

SOL's caged in a tight range. $392-$397 holds it up. $412-$418 caps it. Watch for a clean break either way—that's your signal. The waiting game isn't fun, but it's necessary.