Solana correction hits demand zone, sets stage for breakout rally
Crypto Patel calls the SOL pullback a reset. Analysts watch the $70–$50 demand.
Solana (SOL) cooled after a strong rally. Patel flags a choppy $1,000 path here. The market eased after gains last week.
Distribution signs appeared after the run. Support sits at $70–$50. Liquidity rests below $60. A $70 break can hasten $50 tests.
Short-term bias stays bearish below $70. A sub-$50 sweep is possible. The $70–$50 band looks like accumulation for spot. Patel still maps $500 and $1,000 longer term.
Osemka charts a 1–5 impulse. The move spans Dec 2022 to Jan 2025 in his thread. He now tracks an ABC correction. Wave C tests high-timeframe support on the chart. RSI hints at a diagonal retest. April is the key window to watch.
- Key supports $70 and $50 per analysis
- Liquidity below $60 may get swept
- Bearish while under $70 near term
- Reversal needs support to hold on HTF
Headline
Crypto Patel eyes $70–$50 for SOL; Osemka sees ABC before next leg
