Solana SOL Near $95: Elliott Wave Targets $114-$116, Later $160-$180
Solana (SOL) is holding near $95 after a sharp rebound from the $60 area, keeping bullish Elliott Wave structures in play on both short and weekly charts.
On the 1-hour view, analysts say SOL is in a wave 4 consolidation. A key inflection level is the 23.6% Fibonacci retracement at $95.13. As long as SOL stays above $95.13, the market is more likely still consolidating than starting a deeper reversal. If SOL breaks below $95.13, downside support areas flagged are $90.69 (38.2% Fibonacci) and $87.26 (50% retracement).
Resistance to watch comes first around $99–$100. A sustained move above that zone would strengthen the case that wave 4 is ending and could trigger a fifth-wave push. The near-term upside scenario then points to roughly $114–$116, but it depends on SOL first reclaiming nearby resistance and completing the corrective phase.
On the higher-time-frame weekly chart, another analyst argues SOL may have finished a larger A-B-C correction after falling from 2025 highs, with the recent low labeled as wave 5 of wave C. If that count holds, SOL could enter an accumulation and recovery phase aimed at a major resistance zone at $160–$180. The weekly bullish thesis is at risk if the assumed C-wave bottom fails via a decisive move below the recent correction low.
Traders should watch $95.13, $90.69, $87.26 for downside control, and $99–$100 for confirmation before targeting $114–$116; the longer-term map keeps $160–$180 in focus.
Bullish
The article’s core message for traders is that Solana (SOL) is still holding a critical short-term support area around $95.13, which keeps the bullish Elliott Wave structure intact. A common market behavior in similar “wave 4 consolidation” setups is that price often chops around Fibonacci retracement zones before a clearer breakout attempt. Here, failure to hold $95.13 increases the probability of a deeper pullback toward $90.69 or $87.26, but regaining $99–$100 would be the type of confirmation traders look for before rotating back into momentum trades.
In the short term, this creates a conditional bullish bias: break above $99–$100 could precede a move toward $114–$116, while losses of the $95.13 level would likely shift order flow into defensive selling and slow any upside attempts.
In the long term, the weekly A-B-C recovery thesis (toward $160–$180) suggests SOL may be transitioning from a broader correction into accumulation—provided the assumed C-wave bottom holds. Historically, when higher-time-frame correction counts remain valid, breakouts tend to develop in stages (consolidation, higher lows, then expansion). Conversely, a decisive breakdown below the recent weekly correction low would typically invalidate the recovery narrative and re-open bearish downside.
Overall, since Solana (SOL) is currently positioned above the key near-term invalidation level and has clearly defined resistance/targets, the expected impact is bullish with clear levels to trade risk around.