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$SOL market analysis after recent events.
The daily chart for $SOL /USDT is showing a classic Double Bottom at the $146.16 support levels.
* Pattern: Double Bottom (W-formation)
* Support Tested: $146.16 (Key psychological and technical area)
* The roundup: Price has hit this floor, bounced, and is now testing it a second time. A successful hold and move back up would confirm consolidated demand for the coin
* THE NEXT MOVE: Look for a sustained move above the recent local high (the 'neckline') to confirm the reversal and signal a potential new uptrend.
This is a high-conviction bullish reversal pattern if confirmed. Keep a tight stop-loss below the $146.16 support in case of pattern failure.
#SOL #SolanaMovement #SolanaStrong #solstrong #Crypropredictor
The daily chart for $SOL /USDT is showing a classic Double Bottom at the $146.16 support levels.
* Pattern: Double Bottom (W-formation)
* Support Tested: $146.16 (Key psychological and technical area)
* The roundup: Price has hit this floor, bounced, and is now testing it a second time. A successful hold and move back up would confirm consolidated demand for the coin
* THE NEXT MOVE: Look for a sustained move above the recent local high (the 'neckline') to confirm the reversal and signal a potential new uptrend.
This is a high-conviction bullish reversal pattern if confirmed. Keep a tight stop-loss below the $146.16 support in case of pattern failure.
#SOL #SolanaMovement #SolanaStrong #solstrong #Crypropredictor
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