Jun. 8 at 8:51 PM
📑 #Solana
$SOL – Weekly Update
Price broke the Head & Shoulders neckline and stayed below it, suggesting more weakness is in progress.
However, price is also approaching the equal-legs area at
$53, coming down from the 2025 peak.
The current price action still suggests more downside within the final phase of the bearish trend.
Investors are looking for the accumulation area below
$53. Ideally, price could reach the
$40 –
$30 range, from where it can create a major bottom.
#Crypto #Trading #ElliottWave
