Solana Price Touches $95 Zone — What the Elliott Wave Chart Says Next




 Solana's price hit the $95–$96 area on May 11, 2026, and the move lines up with a technical structure that has been tracked for several weeks. An Elliott Wave count circulating on X from More Crypto Online identifies this price zone as the completion point of wave four in a larger five-wave bullish impulse on the hourly chart.

The wave count matters here. If SOL is genuinely inside wave four and that wave four ends within the micro support band of $89.72 to $93.32, the next move would be a wave five push higher. The annotated chart places that potential run beyond the $96.85 local high already formed in the session.

Three Fibonacci levels define the support floor. The 23.6% retracement at $93.32 is the first line. The 38.2% level at $91.31 is the middle. The 50% retracement at $89.72 is the lowest acceptable point before the count loses structure. A weekly close below that final level shifts the probability toward a deeper retracement before any sustained push higher.

The technical picture is not running alone. Solana spot ETFs reported $39.22 million in net inflows over the past week. That is institutional money entering through a different door. When ETF inflows line up with a bullish technical structure on the chart, the combination tends to get attention from larger players watching both signals.

On the same day SOL tested the $95–$96 zone, Solana's core developer team confirmed the Alpenglow consensus upgrade went live on a test cluster. That is the most significant protocol change in the network's history, and its timing is something the standard price coverage largely skipped.

Resistance levels at $96.50 and $98 are the next barriers. A clean break above $98 with volume puts the $100 mark in play.

For a full breakdown of the Elliott Wave chart, the Fibonacci levels, and the ETF data behind this move, the complete analysis is at CryptoNewsLive.org.

Solana's setup is technical. The count is clean. Whether wave four holds or extends, the $89.72 level is the one to watch.

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