Solana
Long

Solana (SOL): Wave 5 Starting or Set to Crash?

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Solana (SOL): Wave 5 Starting or Set to Crash?
Weekly Scenarios

Bullish scenario: SOL holds support at ~$197, then breaks through ~$260.83 → possible rise to ~$300+.

Consolidation: The price trades in the ~$197–$260 range without a clear direction, preparing for momentum.

Bearish scenario: A breakout below ~$183 with volume → possible correction to ~$174 and below.

✅ Conclusion

Weekly analysis shows: SOL is at a crossroads.

A hold of support near ~$197 and a break of resistance at ~$260.83 could trigger a new uptrend.

However, a breakout below ~$183 significantly increases the risk of a correction.
Monitor the wave structure, volatility levels, and volume confirmation before choosing a strategy.

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