COINTIKA.COM - Solana (SOL) price correction nears completion, with bullish targets set between $220 and $250.
"This correction is coming to an end. Soon it will be complete and we'll rise again. I'm expecting one more wave up," tweeted CryptoBullet (@CryptoBullet1) on June 19, 2025, highlighting the anticipated bullish trend.
Technical analysis of the 1-day chart suggests Solana's price is completing Wave 4 of an Elliott Wave pattern, indicating an upcoming Wave 5 surge. The Relative Strength Index (RSI) rebounding from neutral zones supports this bullish outlook, suggesting renewed buyer interest. Key support levels are holding, and a decisive break above the $216-$217 resistance, accompanied by increased trading volume, would strongly signal this bullish transition.
Experts project a price target of $220–$250 for the next wave, aligning with Fibonacci extension levels and historical resistance. Past price action shows SOL consistently recovers strongly following corrections, further bolstering the bullish prediction. Traders should monitor the $216 resistance level; a sustained break above this point, confirmed by strong volume and indicators like the RSI and MACD crossover, would initiate a significant rally potentially reaching $250. Conversely, failure to break $216 might result in prolonged sideways trading before a subsequent upward move.
This analysis is purely informational and does not constitute financial advice. Cryptocurrency investments inherently involve risk, necessitating thorough individual research before making any investment decisions.
