SOL has just punched through its trendline with conviction. What's more, it managed to retest the breakout level from above—textbook bullish confirmation. Could be the early spark of a major trend shift.
Now here's the thing: ideally we'd see one more wave-5 dip to seal the reversal pattern. But—and this is a big but—crypto doesn't always play by Elliott Wave rules. The 4th and 5th waves frequently peter out or fail entirely before the move takes off. So don't get too hung up on picture-perfect setups.
The key takeaway? The momentum is there. The structure is forming. Just stay flexible and watch how price actually behaves over the next moves.
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TokenTherapist
· 2025-12-31 17:48
This move by SOL is indeed impressive, but don't be too superstitious about the wave theory.
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CountdownToBroke
· 2025-12-31 17:30
This round of SOL does have some potential, but don't get too excited—crypto often doesn't play by the rules.
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NotFinancialAdvice
· 2025-12-31 17:29
SOL's recent breakdown and retest are quite interesting, but the Elliott Wave theory often fails in the crypto space. Don't be too greedy; wait for perfect patterns.
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TokenDustCollector
· 2025-12-31 17:28
This wave of SOL's breakout looks quite strong, but the real test is just beginning.
SOL has just punched through its trendline with conviction. What's more, it managed to retest the breakout level from above—textbook bullish confirmation. Could be the early spark of a major trend shift.
Now here's the thing: ideally we'd see one more wave-5 dip to seal the reversal pattern. But—and this is a big but—crypto doesn't always play by Elliott Wave rules. The 4th and 5th waves frequently peter out or fail entirely before the move takes off. So don't get too hung up on picture-perfect setups.
The key takeaway? The momentum is there. The structure is forming. Just stay flexible and watch how price actually behaves over the next moves.