Solana is holding near $95 after rebounding sharply from the $60 region, keeping bullish Elliott Wave scenarios alive across short- and long-term charts. Analysts see a possible fifth-wave advance toward 114-116 before a broader recovery targets 160-180, although a break below $95.13 could expose support at $90.69 and $87.26.
Solana Wave 4 Consolidation Keeps Bullish Structure in Play
Solana remains in a short-term consolidation after its sharp advance from the mid-$70s, with the Elliott Wave setup pointing to an ongoing wave 4 correction. The chart from More Crypto Online shows SOL holding above its immediate Fibonacci support area while trading near $95.92, leaving the broader bullish structure intact for now.
Solana 1-Hour Wave 4 Consolidation. Source: More Crypto Online (@Morecryptoonl) on X
The key near-term level is the 23.6% Fibonacci retracement at $95.13. SOL is trading just above that mark on the chart, supporting the view that the market is still consolidating rather than beginning a confirmed deeper reversal.
However, wave 4 may not be complete. The chart identifies additional retracement levels at $90.69, corresponding to the 38.2% Fibonacci level, and $87.26, the 50% retracement. Those levels form a wider support zone that could come into play if the current micro support fails.
The Elliott Wave labels suggest the pullback follows a strong third-wave advance that carried Solana from around the upper-$70 area toward $100. A corrective A-B-C structure is mapped within wave 4, meaning another decline toward the lower Fibonacci levels remains possible before the correction is finished.
On the upside, the area around $99 to $100 is the first important hurdle. A sustained move above that zone would strengthen the case that buyers have absorbed the wave 4 pullback and could shift attention back toward the recent swing high above $100.
The chart's projected path then points toward a potential fifth-wave advance, with the illustrated target area reaching roughly $114 to $116. That is a scenario rather than a confirmed target: SOL would first need to complete its correction and reclaim nearby resistance before the projected move gains stronger technical support.
For now, the practical takeaway is that Solana's short-term bullish setup remains viable while the identified Fibonacci support structure holds. A loss of $95.13 would increase the chance of a deeper retracement toward $90.69 or $87.26, while a recovery through the 99-100 region would provide stronger evidence that wave 4 is ending and the next upward leg may be developing.
Higher-Time-Frame SOL Chart Points to 160-180 Recovery Zone
A weekly Solana chart from Rod presents a more bullish longer-term interpretation, arguing that SOL may have completed a large A-B-C correction after falling from its 2025 highs. The setup shows price recovering from the recent low and maps a potential path toward a major resistance and target zone between $160 and $180.
Solana Weekly Elliott Wave ABC Correction. Source: Rod (@Crypto_R0D) on X
The chart places SOL near $93.97 after a weekly gain of about 26%, following a decline that carried the token toward the $60 area. Rod interprets that decline as the final leg of a higher-time-frame A-B-C correction, with the recent low labeled as wave 5 of wave C.
If that Elliott Wave count is correct, the implication is that the broader corrective move may have run its course. Rather than extending the decline, Solana could now be entering an accumulation and recovery phase.
The first major upside area highlighted on the chart sits between roughly $160 and $180. This zone is important because it overlaps with a previous area of heavy trading and resistance visible during earlier stages of SOL's decline. A move into that range would require Solana to first regain intermediate resistance around $100 and then build enough momentum to move through the 120-140 region.
The projected path is not shown as a straight rally. Instead, the chart anticipates periods of consolidation and pullbacks as SOL attempts to establish a higher-low structure before challenging the 160-180 area. That makes sustained higher lows an important confirmation signal for the bullish scenario.
The main risk to this outlook is that the assumed C-wave bottom fails. A decisive move below the recent correction low would weaken the argument that the higher-time-frame A-B-C structure has finished and could reopen the possibility of another leg lower.
Taken together with the shorter-term chart, the setup creates two different time frames for the same broader question. Near-term support around $95.13, $90.69 and $87.26 may determine whether SOL can preserve its immediate bullish structure, while the weekly chart suggests that holding the larger correction low could eventually shift attention toward 160-180.
