With the double bottom formation signaling a potential breakout
Solana tested a resistance level of 0.0018 Bitcoin after forming a double bottom. A breakout could push the price of Solana towards $250-290, near its all-time high. Solana breaks the trend line with bullish momentum - resistance at $165 is now on the horizon. At the level of 0.0013 BTC, Solana created a double bottom with buyers strongly supporting the level and preventing further declines against Bitcoin. A confirmed breakout above 0.0018 BTC could drive SOL / BTC towards 0.0022 BTC, which aligns with bullish expectations and historical breakout targets. For the US dollar, outperforming Bitcoin could lead it back to the $250-$290 level, placing it near a retest of its all-time high area. Solana is testing critical resistance against Bitcoin after forming a potential double bottom pattern, which is a setup that could determine its next direction. The double bottom pattern indicates that the Solana chart is forming a double bottom structure against Bitcoin. This formation often signals a decrease in selling pressure and the potential for a bullish reversal.
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With the double bottom formation signaling a potential breakout
Solana tested a resistance level of 0.0018 Bitcoin after forming a double bottom. A breakout could push the price of Solana towards $250-290, near its all-time high.
Solana breaks the trend line with bullish momentum - resistance at $165 is now on the horizon.
At the level of 0.0013 BTC, Solana created a double bottom with buyers strongly supporting the level and preventing further declines against Bitcoin.
A confirmed breakout above 0.0018 BTC could drive SOL / BTC towards 0.0022 BTC, which aligns with bullish expectations and historical breakout targets.
For the US dollar, outperforming Bitcoin could lead it back to the $250-$290 level, placing it near a retest of its all-time high area.
Solana is testing critical resistance against Bitcoin after forming a potential double bottom pattern, which is a setup that could determine its next direction.
The double bottom pattern indicates that the Solana chart is forming a double bottom structure against Bitcoin. This formation often signals a decrease in selling pressure and the potential for a bullish reversal.