$SOL ATH $295.

The drop from the high shows a clear 5-wave impulse down, confirming a completed bearish cycle.

A complex correction followed, with a Wave B triangle and post-triangle thrust lower to $95.86, which likely ended the entire correction as a Wave C.

The market has since rallied to a local high of $160 ish and is currently consolidating.

Wave 5 top completed at ATH
Corrective ABC pattern with:
A = $295
B = triangle consolidation
C = final flush to $95.86
This likely completes a larger Wave 2, meaning we may now be in the early stages of Wave 3 a powerful impulsive advance.

Near-Term #SOL Price Scenarios
Bullish Continuation - Base Case
Holding above $126 and stair-stepping higher confirms start of Wave 3 of III
Break above $175 with volume $195 → $220 then Pullback.
Price may revisit $140–$145 as support as wave 2 pullback.
Loss of $150 with low volume would offer a reentry zone for long setups

Bearish Breakdown - Low Probability
Rejection at $160–$170 zone with RSI divergence.
macro risk is a break below $126 with retest of $100–$110 range

RSI is currently neutral at ~46–56 range giving room for upside
No bearish divergence yet, suggesting momentum still supports a potential breakout

Watch for RSI > 70 for confirmation of impulsive rally