SOL surged to 146.91 today, which is pretty close to the 146.2 I calculated earlier. I've already sold a portion at this level.
The 146.2 target was projected using the AB=CD pattern. There's another target at 167.8, which is the completion point of the W-shaped bottom. There's also a fifth wave target at 152.7.
Will 152.7 and 167.8 be reached this week? Honestly, no one can guarantee that.
But if this rally really tops out at 146.91, then caution is needed—SOL could be forming an expanding triangle pattern, and the previous low at 121 might not hold. In that case, pay close attention to the support around 95.
Technical analysis is always a probability game. Observe more, act less, and wait for confirmation.
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GasFeeAssassin
· 12-07 04:42
146.91 is the top? If 121 can't hold, dropping straight back to 95 is pretty wild. If this really turns out to be a broadening triangle, I'll just accept it.
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LiquidityWizard
· 12-04 15:38
tbh the AB=CD setup is textbook, but given historical data on SOL's volatility patterns, that 121 support looks statistically fragile... 95 might actually be where the real buyers show up, empirically speaking.
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BearMarketSurvivor
· 12-04 05:54
146.91 precisely positioned, this round of timing is a bit tight.
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SmartContractPlumber
· 12-04 05:51
146.91 is indeed a pretty clever level, but I have to ask—did you consider the liquidity trap in your AB=CD calculation? In DeFi, I’ve seen too many cases of fake breakouts smashing right through key supports, and it’s not like SOL hasn’t crashed before.
I agree with the 95 support level, but if there are issues with permission controls, an on-chain whale could crash the technicals instantly with a single transfer. Don’t just focus on the chart patterns—you also need to look at the contract logic.
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down_only_larry
· 12-04 05:35
It's smart to sell half at 146.91; being greedy can easily backfire.
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SocialAnxietyStaker
· 12-04 05:31
As soon as 146 came out, they just wanted to bail. This move is a bit timid, but to be fair, no one really dares to guarantee it.
SOL surged to 146.91 today, which is pretty close to the 146.2 I calculated earlier. I've already sold a portion at this level.
The 146.2 target was projected using the AB=CD pattern. There's another target at 167.8, which is the completion point of the W-shaped bottom. There's also a fifth wave target at 152.7.
Will 152.7 and 167.8 be reached this week? Honestly, no one can guarantee that.
But if this rally really tops out at 146.91, then caution is needed—SOL could be forming an expanding triangle pattern, and the previous low at 121 might not hold. In that case, pay close attention to the support around 95.
Technical analysis is always a probability game. Observe more, act less, and wait for confirmation.