251003 [SOL] Solana Outlook

Solana appears to have produced a regression fakeout from the existing three-market pattern, though the three-market pattern is still deemed valid.

This recent rise has actually produced a trend reversal effect. Solana is currently consolidating its support zone through a healthy correction, and the situation is considered very favourable.

In the previous analysis, it faced strong resistance after an upward breakout and declined, then retraced back into the channel.

However, even whilst falling towards the lower boundary, it rebounded by holding the trend line and key support zone. It is currently retesting after breaking through the resistance line; if this support holds, it will convert into a support line.

Should it find support here and rise, a strong upward move is anticipated.

If it rises, how far could it go?

Should it sustain the uptrend after successful support, reaching at least $350 is anticipated.

Moreover, if the market's bullish momentum remains robust over an extended period, reaching the $440–500 range is also considered possible.

Conversely, should Bitcoin and market conditions fail to provide support and it declines, the possibility of a return to the sub-$200 range remains.

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