SOL Elliot Wave Update : Bullish Impulsive vs Corrective BounceSOL / FDUSDBINANCE:SOLFDUSDSpotSafeCapital SOL Elliott Wave Update: Bullish Impulse vs Corrective Bounce 🔍 Solana (SOL) is currently testing a crucial Fibonacci support zone between $102.20 – $103.40. Based on structure analysis, two main scenarios are on the table: 🟢 Possibility 1: Bullish Impulse Wave (1H Frame) Wave ii correction appears complete near the 0.618 - 0.764 Fib retracement ($102.21 - $103.18). Target: Wave iii expansion targeting $111.76 – $113.35, leading up to Wave v above $116.00. Invalidation: A clean break below $101.80. 🔴 Possibility 2: Corrective ABC Structure (15M Frame) The current move is part of a Wave (b) corrective bounce targeting sub-wave c. Target: Rebound towards $109.28 – $110.85. Caution: Watch for potential resistance/rejection around $110.00, which could signal another drop. 📌 Key Takeaway: Both counts suggest a short-term reaction from current levels. The reaction at $109.00 - $110.85 will confirm whether SOL goes for a full bullish extension or faces another wave of selling pressure. #Solana #SOL #CryptoAnalysis #ElliottWave #TradingView