Solana stabilizes; 50–61.8% retrace in play

Solana (SOL) shows early recovery signs. Price steadies after the pullback.

Short-term structure shifts on 1h. Elliott Waves Academy flags a corrective setup. Downside momentum cools per NewsBTC.

A breakout above the diagonal confirms early. Reference: triangle analysis. Clearing the prior bearish wave level strengthens the case.

Fibonacci zone sits at 50–61.8%. An extension to 78.6% is possible if buyers build. Source: NewsBTC.

For bears, resistance must hold there. Sellers need control at the retrace.

BitGuru spots a reversal zone. Early bounce noted here. Buyers respond to discounts per NewsBTC.

Support retention is key. Higher lows could structure recovery. Reference: NewsBTC.

• Watch a break above the diagonal upper boundary (source).
• Monitor the 50–61.8% retrace zone (source).
• Look for higher lows forming (source).