SOL Elliot Wave Update : Primary & Alternate ScenariosSOL / FDUSDBINANCE:SOLFDUSDSpotSafeCapital SOL Elliott Wave Update: Primary & Alternate Scenarios 📊Solana (SOL) is currently consolidating after holding the key support zone around $102. Based on current wave structures, here is the breakdown of our primary and secondary possibilities: 🔴 PRIMARY SCENARIO: Corrective Bounce (Possibility 2)The drop towards $102 confirmed the completion of Wave X. SOL is currently pushing higher in Wave Y / Wave a. Short-Term Target: $108.08 – $110.61. Major Resistance Zone: $110.07 – $113.45 (Wave b area, watch for potential rejection). Invalidation Level: A break below $100.40 invalidates this structure. 🟢 ALTERNATE SCENARIO: Bullish Extension (Possibility 1)If price breaches $110.85 with strong momentum and volume, SOL could transition into a full bullish impulse wave targeting $111.93 – $116+. 💡 Key Takeaway: The current move towards $108–$110 is expected to be a corrective relief bounce. Watch price action closely around $110.00 to see if buyers can sustain a breakout or if sellers step back in. #SOL #Solana #CryptoAnalysis #ElliottWave #TradingView