Current structure:
Solana appears to be tracking a wave 2 correction.
Recent price movements from the September low have been corrective and overlapping, reflecting market uncertainty.
2. Key Levels
Support: Critical support sits at $119.
Resistance: Resistance is at $162.
A breakout above $162 could signal further upside potential, with possible targets at $183-$184.
3. Market Range
Until Solana breaks above $162, it remains in a sideways range.
Patience is required as the market consolidates.
4. Potential Outcomes
As long as $119 support holds, there's potential for more upside.
A break below $119 could indicate a downside move.
Monitoring: Iâll continue to watch these levels closely for any developments.
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