Technical analysis by Trade_Hive_Signals about Symbol SOL: Buy recommendation (10/23/2025)

SOLANA (SOL): Wave 5 awaits – upward momentum or bear trap? Weekly Scenarios Bullish scenario: Price holds the ~$185-190 zone, breaks resistance at ~$260 → wave 5 starts up, target is approximately ~$300+. Consolidation: Price moves in the ~$185-260 range without a significant breakout; energy is accumulating, waiting for a signal. Bearish scenario: Break of support at ~$185 with volume → confirmation of the start of wave C correction → possible decline to ~$150-160. ✅ Conclusion On the weekly timeframe, SOL is at a crossroads: If it holds above ~$185 and manages to break ~$260, the chance of a strong rally increases. If support fails to hold, the risk of a correction remains. Traders should watch for price reaction on levels, volume, and confirmation of wave structure before taking a position.