Solana Price Forecast: SOL Buy Signal Targets $430–$780
Solana (SOL) is flashing bullish technical signals as analysts align short-term recovery with a broader Elliott Wave outlook. Elliott Wave analysis cited by More Crypto Online suggests SOL could reach a first major bull-market target zone of $430–$780 (Fibonacci extension of wave i of (iii)). The lower boundary is near $431, with the upper area around $785. However, the analyst stresses the call is preliminary because corrective wave (ii) has not confirmed its final bottom.
Key downside levels are also highlighted. Support is marked roughly between $49 and $32, with a deeper retracement possible toward $17.50 if the correction worsens. Traders are urged to wait for confirmation of the corrective low before treating the $430–$780 zone as a high-confidence target.
On the shorter timeframe, Ali Martinez reports a TD Sequential buy signal on SOL’s 3-day chart, implying sell pressure may be fading. With SOL trading around $66.58, the setup points to a potential move toward a resistance cluster near $77, around a 15% gain if the signal is confirmed. Immediate resistance is noted around $72. The bullish thesis is invalidated if SOL fails to hold the key $60 support area.
Overall, the article frames SOL as a market at a “turning point,” combining Elliott Wave (macro upside) with TD Sequential (near-term rebound) signals.
Bullish
The article combines macro upside and near-term rebound signals, which typically boosts trader risk appetite but still includes invalidation levels—so it’s bullish rather than purely speculative.
In the short term, the TD Sequential buy signal on SOL’s 3-day chart suggests bearish momentum is fading. That often precedes mean-reversion rallies toward nearby resistance (here, ~$72 and ~$77). If SOL holds above the cited $60 support, traders may add longs and momentum strategies could kick in.
In the longer term, Elliott Wave targets a large $430–$780 range, but the model explicitly depends on confirming the corrective low (wave ii). This means upside is conditional: a failure to confirm the bottom would likely trigger further selloffs toward the mentioned support bands ($49–$32, potentially down to ~$17.50).
Historically, markets often behave similarly when oscillators flip into buy setups while larger-cycle wave structures call for a new impulsive phase: early rebounds can happen, but follow-through depends on whether key support levels hold. The presence of clear resistance ($72/$77) and invalidation ($60) makes the setup actionable for traders, supporting a bullish bias for both short-term recovery and potential long-term re-rating.