Solana has formed a double bottom with a dip below, suggesting a potential bullish move could be on the horizon. This pattern indicates a possible trend reversal. I'm watching for a break above the range high, followed by a retrace to retest the range high on the lower timeframe, with a potential continuation to the upside. Monitor the Fibonacci pullback to the 50-61.8% level on the previous four-hour swing for a possible bullish entry. This is not financial advice.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.