Solana

Waves

when

<ul class="wp-block-list">
 <li>SOL consolidates in Wave (4), preparing for a potential rally ahead.</li>  
 <li>Analysts predict SOL’s price could surge to $400-$600 after this phase.</li>  
 <li>Elliott Wave Theory supports optimism, suggesting further growth in the next wave.</li> 
</ul>  
<p>Solana (SOL) seems to have wrapped up the strong Wave (3) and is now consolidating or ranging in Wave (4). Now, analysts predict SOL’s price will trade between <a href="https://cryptonewsland.com/sol-price-could-follow-historic-btc-and-eth-rally-as-sol-etfs-take-over/" rel="noopener noreferrer nofollow">$100 and $200</a> for a few months before rising to new highs— between $400 and $600. This projection aligns with Elliott Wave Theory, a technical approach that maps market movements through clear, repetitive wave patterns.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CryptoBullet1/status/1780606688598311073
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-understanding-elliott-waves-a-roadmap-for-solana">Understanding Elliott Waves: A Roadmap for Solana</h2>  
<p><a href="https://elliottwave-forecast.com/elliott-wave-theory/" rel="noopener noreferrer nofollow">Elliott Wave Theory</a> breaks down market trends into impulse and corrective waves. The impulse waves (1, 3, and 5) drive the main trend, while Waves 2 and 4 act as corrections. Wave (1) shows that the previous trend has ended, sparking excitement.</p>  
<p>Wave (2) then brings the first dip, as early traders sell to take profits, causing prices to drop. Yet, this drop never erases the gains from Wave (1). Wave (3) is usually the longest and strongest. Public interest peaks, leading to a sharp rally.</p>  
<p>This is when the underlying asset draws attention and surges higher. But even the strongest rallies have limits. That brings us to Wave (4), where traders take profits, causing a mild pullback. However, the dip tends to be shallow as optimism around Solana remains strong.</p>  
<h2 class="wp-block-heading" id="h-solana-s-path-forward-wave-5-and-beyond">Solana’s Path Forward: Wave (5) and Beyond</h2>  
<p>Wave (5) typically brings the next major rally, which could push Solana to a range of $400-600. During this phase, hype and overconfidence drive the market. New buyers flood in, often without much caution.</p>  
<p>This wave can create a euphoric surge, fueled by <a href="https://paybis.com/blog/glossary/fear-of-missing-out/" rel="noopener noreferrer nofollow">excitement and FOMO</a>. However, once the thrill fades and buying dries up, Solana could enter a new cycle of correction. Meanwhile, the big question now is whether Wave (4) will pave the way for a breakout.</p>  
<p>For traders, this phase (Wave 5) demands patience and smart positioning. According to Elliott Wave theory, Solana's ascent isn’t over yet for now. With new highs on the horizon, the excitement is just beginning.</p>   
<p>The post <a href="https://cryptonewsland.com/sols-mid-term-analysis-wave-4-insights/" rel="noopener noreferrer nofollow">SOL’s Path to $400-600: Mid-Term Analysis &amp; Wave (4) Insights</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SOL’s Path to $400-600: Mid-Term Analysis & Wave (4) Insights

Table of Contents

Crypto News Land

Other articles published on Oct 22, 2024

XRP Price Might Be in Danger Zone: Possible Scenarios

Top 5 Cryptos to watch for potential 10000% growth this November

Grass Airdrop One Will Reward 9% To Early Participants

Kompetisi Trading Kripto Flipster Masih Berlangsung, Total Hadiah Setara Rp46 Juta Setiap Harinya

The Silent Revolution of Player-owned Assets and How it's Reshaping the Gaming Landscape

GraFun Partners with Floki and DWF Labs to Support Emerging Memecoins

Join our free newsletter for daily crypto updates!