Momentum on the Solana diminishes as the chart approaches two key decision-making points, making the coming days particularly significant. With a deeper corrective target on the macro framework and a respectable mid-range support zone, SOL is preparing for a move that could shape its next big trend.
This wave is completed as Solana signals a bigger pullback
Elliott Waves Academy presented freshness perspective on SOL, focusing on the weekly time frame. According to the analysis, SOL appears to have completed its upward wave, identified as wave (1)/(A), within a broader bullish structure. This recent breakout below a key level reinforces the view that a deeper corrective phase may already be underway.
Based on wave numbers and Fibonacci readings, the correction is expected to extend towards the $49.26 to $32.03 range, which is in line with the 50% to 61.8% retracement levels. If SOL reaches this area, a clear corrective pattern paired with a strong bounce would help confirm the broader bullish thesis and suggest buyers are returning with conviction. Price behavior within this zone will be crucial in determining the next big change.
If this scenario plays out as predicted, a decisive break above the key level previously broken will act as confirmation for a new upward momentum. However, a breach of the $8.00 level would completely nullify the bullish outlook, signaling a much deeper structural change.
SOL shock coils because the price is compressed into the clamping structure
According to the recent update from CryptoPulse, Solana is gearing up for what looks like a textbook technical setup. The current structure is tightening, showing reduced volatility and signaling that a decisive move may be approaching. With the SOL consolidation, the chart begins to align with a major technical level.
A key zone highlighted is the $133 support level, an area that previously acted as a reliable reaction point for buyers. Real partnerships, continuous development and increasing activity in the chain reinforce this technical zone with additional weight.
Given this confluence, the strategy becomes clearer: let the price revisit the $133 area and see how the market reacts. If buyers enter aggressively, forming wicks, bull-swallowing candles or strong volume spikes, this could signal that the level is holding again.
CryptoPulse emphasizes patience above all else. Instead of chasing the market, let the chart come to you. When both fundamentals and technicals point to the same area, it often increases the likelihood of strong follow-through. Acting on confirmation rather than prediction is the key to building a solid position in these types of setups.
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