Solana Long Setup – Chart Analysis (June 5, 2025)

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Solana technical analysis is presented as follows.

Currently, Solana appears to have entered the final WAVE 5 phase of the 5-wave upward structure. The technical basis is as follows.

WAVE 5 = (WAVE 1 ~ WAVE 3) × 0.618
This length ratio is commonly observed in Elliott Wave Theory and often appears in the final wave of a strong trend. At the current level, this ratio is applied accurately, leaving room for further upside.

Confirmation of the Shark Pattern
One of the advanced harmonic patterns, the Shark pattern, has been completed within a valid zone, acting as a bullish reversal signal. In particular, reversals occurring at the 88.6% and 113% levels provide high reliability.

Comprehensive Assessment
With both of these technical elements satisfied simultaneously, the current level offers a solid basis for entering a long position.

1st target: 158.20
This price level aligns with a major structural resistance and Fibonacci extension zone, making it an appropriate target for short-term profit-taking.