Technical analysis by MarketIntel about Symbol SOL: Buy recommendation (8/29/2025)

Solana started the week with a sharp pullback but quickly bounced back, breaking through resistance at $206.33 for the third time in just two weeks. Our primary outlook points to another push higher, with price expected to clear resistance at $229.22 and complete the ongoing green wave 3 near $295.31. From there, the broader green five-wave sequence should ultimately break above this level and finish the larger orange wave iii. We still assign a 30% probability to the alternative scenario, which calls for a fresh wave (ii) correction low within the blue downside Target Zone between $56.56 and $29.87.