Jan 12, 2026
0 0
Solana Faces Potential Downside Before Sustainable Bullish Movement
The price action for Solana indicates a potential ongoing correction. Analysts suggest the possibility of another downside test before a sustainable upward move.
Wave IV and C-Wave Pressure
- The chart structure suggests another possible downward move in Solana's corrective wave IV.
- A C-wave decline remains valid unless an impulsive structure emerges.
- An alternative scenario allows for further lows before a recovery or fifth wave uptrend.
Short-term projections indicate Solana may drop into the $81 to $90 range. The absence of strong bullish signals suggests continued downside risk.
50% Fibonacci Level and Buyer Strength
- Solana shows strong reactions around the 50% Fibonacci level, indicating buyer influence.
- Controlled rebounds suggest buyers maintain control without aggressive breakdowns.
- The ETF narrative supports steady accumulation rather than FOMO-driven inflows, indicating long-term positioning.
A sustained drop below the 50% Fibonacci level could invalidate current structures. Recent pauses might be temporary within a broader upward trend.