SOL Price Faces Extended Correction After Rally

The four-hour chart shows a possible five-wave decline, with further weakness possible before the correction reaches completion. The target price of $79.94 is a lower target if the corrective pattern continues through November and December. The recent volatility has been matched by an increase in liquidations and trading volume as SOL remains to work its way back to previous levels. SOL price remains under pressure as its October rally loses momentum. Elliott Wave projections point to a possible five-wave decline before the market establishes its next direction.

Source: CryptoNewsLand