MarketIntel

SUI has continued its downward trend since our last update, breaking below the $3.11 support level and triggering our alternative scenario. As a result, we now place the altcoin in the beige wave (C). We primarily expect this downward wave to drive price lower, with a bottom likely to form within the green long Target Zone between $2.76 and $2.30. This low should also mark the end of the larger wave 2 in bright green, which we had previously considered finished. From this price range, we anticipate a new upward impulse: green wave 3 is expected to push the coin above resistance at $4.44. Accordingly, prices within this zone could be considered for long entries.

For Google, upward momentum has faded recently, with price edging closer to support at $236.25. If the stock drops below this level, we will need to consider magenta wave alt.(3) as already complete and anticipate an earlier—and lower—wave alt.(4) low (probability: 38%). However, our primary expectation remains for a higher high as the regular wave (3) progresses, with the wave (4) retracement holding above $236.25. With wave (5), waves [5] in green and I in beige should ultimately conclude at new all-time highs.

Avalanche (AVAX) has pulled back about 20% from its recent peak since our last update, prompting us to adjust our wave count. At present, we see the coin in green wave [ii], which is subdivided into a beige (a)-(b)-(c) three-part move, with wave (c) currently in progress. Once it bottoms out, wave [ii] should also be complete. From there, we expect wave [iii] to push AVAX above the newly established resistance at $36.19.

SOL has dropped more than 20% from last Thursday’s high. In light of this, we now believe that last week’s high—reached on Thursday—marked the top of wave i in orange, and that price is currently undergoing a wave ii corrective phase. This correction should play out as a downward, three-part move labeled [a]- - [c] in green, ultimately targeting our orange zone between $155.80 and $113.20. We expect the low of this wave ii to occur within that Target Zone, which should set the stage for a bullish reversal. The following wave iii in orange is projected to push SOL to new all-time highs, breaking through resistance at $295.31.

Tesla’s upward momentum has persisted, with the beige wave x still having some room to run. However, we expect the corrective top to form well below resistance at $532.92, which should then trigger the final selling phase within the broader correction. Ultimately, wave y is projected to approach our blue Target Zone between $157.88 and $46.70, completing the large blue wave (II) in that range. Afterward, we anticipate a new wave (III) uptrend. That said, there remains a 40% probability that price may not reach the blue zone, as wave alt.(II) could have already completed at $215.01. In this scenario, TSLA would already be developing a magenta upward impulse and could break above the $532.92 level directly and sustainably.

A reversal began to emerge in the upper third of our grayed out Target Zone, prompting us to mark blue wave [2] as complete. In the now-unfolding, same-colored wave [3], we anticipate gains well above resistance at $0.31. At the same time, we assign a 33% probability to a deeper low of wave alt. [2] . In this case, however, we’d expect the reversal to happen no later than the blue (alternative) Target Zone ($0.22–$0.16), which would once again present an opportunity to initiate new long positions.

After an extended period of sideways trading, Coinbase recently broke noticeably higher, prompting us to add a more detailed substructure for magenta wave [ii]. On a smaller scale, we now see prices moving in a blue three-part pattern, with wave (a) recently completed at $291.50—a level we identify as support. In the near term, wave (b) still has some room to move higher before wave (c) ultimately dips back below the $291.50 mark, at which point the previously mentioned magenta wave [ii] should be complete—well above the lower support level at $138.45. The following wave [iii] is expected to drive the next leg higher, potentially pushing the stock well above $444.65. However, we assign a 33% probability that COIN has completed magenta wave alt. at the $444.65 high and could next fall below the $138.45 support to establish a new low for turquoise wave alt.2 via wave alt. [c] .

Polkadot’s DOT token has posted impressive gains recently. We primarily attribute this rally to wave iii in orange, which appears poised to break decisively above the $4.68 resistance level. At the same time, we see a 30% chance that a new correction low could still develop within the green alternative Target Zone between $3.22 and $2.31.

FET managed to edge higher since last Thursday, further advancing orange wave b as we had primarily anticipated. We still expect its corrective high below the resistance at $1.16 before orange wave c likely triggers a decline toward support at $0.55. Above this level, we anticipate the low of blue wave (ii), which would signal a trend reversal to the upside. We currently assign a 35% probability to a somewhat deeper completion of the interim correction—in the form of wave alt.(ii) in blue—between the two support levels at $0.55 and $0.35.

Apple has recently faced substantial downward pressure, retracing enough to erase the gains made in the first week of September. Our primary outlook is that the stock will soon rebound and, during green wave [3], rise toward resistance at $260.10. Following a moderate pullback in wave [4], shares should ultimately break through this level in wave [5], further advancing the broader upward trend. However, we continue to monitor our 37% likely alternative scenario. In this case, AAPL would have completed beige wave alt.b with its recent peak and could next target a new major low for blue wave alt.(IV) via wave alt.c . Here, the price would fall below support at $201.50 but ideally rebound above the lower mark at $168.