TL;DR
Wyckoff chart shows SOL moving from Phase D to Phase E, hinting at breakout potential.
SOL must hold $177–$180 support; failure risks $150, while bounce targets $240–$250.
ETF filings and institutional focus grow, though markets give only a 34% chance of new highs.
Wyckoff Structure Points to Final Phase
Solana (SOL) is trading at $202 with a daily turnover of $11.19 billion. The token has regained 3% in the past 24 hours, but has dumped by over 15% over the past week. Analysts suggest the decline may be part of a longer structure that still points upward.
ZYN posted a chart presenting SOL crossing the phases of Wyckoff accumulation. According to the chart, Solana is transitioning from Phase D to Phase E, which is based on the Son of Wyckoff theory, a concept where markets tend to break above. The token has traded between $120 and $210, with the current dip portrayed as the final shakeout before a run-up.
Source: ZYN/X
ZYN commented,
“$SOL is in the final phase of its Wy
We współpracy z: https://cryptopotato.com/sols-last-dip-analyst-sees-500-target-this-cycle/
