On the H1 timeframe, Solana (
SOL) is completing a corrective Sub-wave (4) following a strong impulse move toward $110.65 in Wave (3).
Key Technical Points:
Confluence Area: The $102.50 – $103.88 zone coincides with an H1 Bullish Order Block, as well as the 0.382 & 0.5 Fibonacci Retracement cluster.
Target Projection: If Wave (4) holds and completes within this zone, the projected Wave (5) points toward the $112.48 – $115.55 region (1.236 – 1.618 Fibonacci Extension).
Risk & Invalidation Levels:
Micro Invalidation: An H1 candle close below $102.52 invalidates the current micro sub-wave cycle.
Major Bullish Invalidation: $92.34, which serves as the Major Discount Zone for mid-term spot accumulation.
Disclaimer: This analysis is for educational purposes and spot trading mappin