Solana (SOL) is signaling a potential bullish reversal after completing a five-wave downtrend, with price targets set between $135 and $138. The completion of this corrective phase suggests that Solana may be poised for an upward move, according to crypto analyst Crypto Tony. Traders are closely monitoring Solana’s price action for signs of a rebound, as the cryptocurrency shows signs of upward momentum.
The key resistance levels to watch are around $135 and $138, which, if surpassed, could lead to further gains. This development aligns with technical analysis strategies that predict price reversals following such patterns. This completion of the corrective phase suggests SOL could move higher, aligning with technical analysis that forecasts reversals following such patterns.
A breakout above the resistance levels could pave the way for further gains in the near term. Investors should await confirmation signals before committing capital, as crypto moves remain volatile and conditional on price action beyond the stated levels.
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