Solana Eyes Higher Targets Above $100 Amid Bullish Wave Count

Solana has maintained its bullish outlook after trading above $95, according to technical analysis. Analysts attribute this to the preservation of critical support levels, which suggests a continued positive trend in both the short and long term.

The recent rebound from the $60 range has been interpreted as a wave 4 correction within the Elliott Wave framework. This means that SOL's price action is expected to continue upwards towards its next major target, spanning $160 to $180.

However, analysts note that the path to higher levels will not be linear and anticipate intermittent pullbacks and consolidations as SOL works to establish a higher-low structure. The near-term trend will largely depend on how Solana behaves around specific support levels, particularly $95.13, $90.69, and $87.26.