Solana Breakdown Confirmed? Elliott Wave Signals More Downside

Solana may have started the next major decline following a corrective B-wave rally from the February lows. In this video, we review the latest Elliott Wave structure, discuss the dominant 260-day time cycle, and explain why downside pressure remains elevated.
We analyze the breakdown below the rising channel, the key support regions between $62-$43 and $48-$17.50, and the resistance levels that bulls need to reclaim before a meaningful recovery can be considered.

The primary Elliott Wave count suggests that Solana may currently be in a larger third wave decline, while an alternative scenario still allows for a low to form after one additional move down.

Timestamps:
00:00 Solana may have started the next major decline
00:51 Understanding the 260-day time cycle
01:44 Why the late May / early June top mattered
02:29 Combining Elliott Wave with time cycles
03:18 Channel breakdown and bearish market structure
04:04 Key support zone between $62 and $43
04:50 White vs orange Elliott Wave scenarios
05:36 Short-term chart shows increasing downside pressure
06:21 Is a third of a third wave unfolding?
07:06 Critical resistance levels for any recovery
08:39 Bitcoin correlation and final outlook for SOL

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