SOL/USD Elliott Wave Analysis: Wave (iv) c-Leg Nears Completion at 84–85
Solana’s correction from the 124.90 high is approaching a decision zone.
Where Is SOL/USD Right Now?
Wave (iii): completed at the v high near 124.90
Wave (iv) A-B-C: a near 116.3, b near 123.7, then a five-wave c-leg (①-②-③-④-⑤) down
⑤ wave: internal (1)-(2)-(3)-(4)-(5) with a low near 84.99
Price is 86.48. The chart shows a possible final low near 83.9, then a rebound toward ≈100.5.
Key Levels
124.90: (iii) high
109.11: ④ high
100.51: rebound target
86.48: current price
84.99 / 83.89: support
Strategic Perspective
83.89 is the key level: a hold supports the rebound, a sustained close below weakens the count.
100.51 is the first major resistance on any recovery.
BTC direction and crypto risk sentiment are the main external variables.
Conclusion
Solana’s (iv) is near completion on the chart. At EWPlans, we update H4 and D1 wave counts on 39 instruments every day.