This would be a major surge. A potential significant bullish move for SOL towards the $150 level could potentially happen judging by a double-bottom pattern after this week's 25% jump.
) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the United States dollar.Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment becomes exhausted, leading to a sharp upside retracement and a breakout move afterward.since Jan.
Additionally, a visible bullish divergence between SOL’s price and relative strength index trends indicates a high probability of a double-bottom breakout.Nonetheless, a bullish confirmation might come if SOL’s price breaks above the double-bottom neckline near $120 with a rise in trading volume. As it happens, SOL’s upside target could be at length equal to the maximum distance between the double-bottom pattern’s lowest point and its neckline.
That would put SOL en route to at least $150, with a possibility of continuing the bullish move toward $170, marked in red in the chart above.
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