Solana is testing a critical resistance level against Bitcoin, forming a double bottom pattern at 0.0013 BTC. This technical setup suggests a potential bullish reversal, with a confirmed breakout above 0.0018 BTC possibly pushing the SOL/BTC pair toward 0.0022 BTC. In USD terms, this could propel Solana back to the $250–$290 range, nearing its all-time high.
The double bottom pattern indicates weakening selling pressure, and a strong close above the resistance could confirm a bullish shift. Recent activity shows a 5.52% increase in daily trading volume, suggesting active buyer participation as Solana tests the breakout zone. The key level remains 0.0018 BTC, with a strong close above it necessary for a sustainable upward trend.
Solana Eyes Bullish Reversal with Double Bottom Pattern Against Bitcoin
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.