Solana can move another 30 to 60 percent higher if the support zone holds. In this video I go through the Elliott Wave structure on the daily chart, the two scenarios that are still open, and the exact levels that decide which one plays out. Video By More Crypto Online.
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$110 has now been reached as resistance, which was the level I flagged as the one that matters. A break above it opens the door to $133, and in an extension case to $160. The safety net underneath is the zone between $90.50 and $100.48, and as long as that holds, the rally from the June lows stays intact.
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-Anti-Fiat Play Amid Geopolitical Friction: Major geopolitical escalations in the Middle East have caused Brent crude oil futures to spike past $100 a barrel. While tighter global financial conditions and surging 10-year Treasury yields (hitting 35-month highs) are actively punishing global equity indices, Bitcoin has largely decoupling from tech stocks. Analysts observe that BTC is instead acting as an "anti-fiat" hedge, mimicking gold's protective price action and showing superior structural support retention compared to precious metals.
-The "iPhone Duo" Paradigm: In a testament to how institutionalized Bitcoin pricing has become, mainstream tech integration reached a novel milestone following Apple's product release. Market data notes that Apple's newly launched $1,999 premium foldable smartphone, the iPhone Duo, effectively vectors onto global crypto metrics, costing consumers exactly 0.0255 BTC at current market values.
-Mining Stock Decoupling: Despite Bitcoin's 22% recovery over the last month, public crypto mining firms (such as Core Scientific and Terawulf) continue to severely lag behind the underlying asset. The median gain for major miners has hovered at just 1.8%, heavily weighed down by structural profit contractions and high-cost diversifications into Artificial Intelligence (AI) and High-Performance Computing (HPC) data centers.
-Regulatory Uncertainty (The Clarity Act): The broader digital asset sector is on edge ahead of a looming September 15 Senate closure vote regarding the Clarity Act—a critical piece of legislation aimed at defining U.S. crypto market structures. Large-scale capital flows are remaining cautious, as the results of this vote will outline whether regulatory friction deepens ahead of the upcoming legislative midterms.
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