Categories: Technical analysis

Solana Wave Analysis – 22 August 2025

Solana: ⬆️ Buy

– Solana reversed from the support area

– Likely to rise to resistance level 210.00

Solana cryptocurrency recently reversed up from the support area between the key support level 173.50 (which stopped the earlier downward correction) and the 61.8% Fibonacci correction of the upward impulse 1 from the start of August.

The upward reversal from this support area stopped the previous short-term correction ii.

Given the strongly bullish sentiment seen across the cryptocurrency markets today, Solana can be expected to rise to the next resistance level 210.00 (which stopped earlier impulse waves 1 and i).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Solana

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