Solana Price Breakout or Consolidation: Which Way Will It Go?

Solana's price has rebounded sharply from the $60 region and is currently holding near $95, keeping bullish Elliott Wave scenarios alive across short- and long-term charts.

Analysts see a possible fifth-wave advance toward 114-116 before a broader recovery targets 160-180, but a break below $95.13 could expose support at $90.69 and $87.26.

The Elliott Wave setup points to an ongoing wave 4 correction, with SOL trading above its immediate Fibonacci support area while holding near $95.92.