🔥🚀The bullish trend favors an upcoming bullish breakout for Solana
The daily chart shows that SOL formed a double bottom at $175 initially and then surged to $205 in just a few days. Meanwhile, the token sharply pulled back on Monday, but has recovered in recent days.
This is already the third time in a couple of weeks that SOL has hit the resistance at $205. Will it finally break through?
The chart shows that a bullish trend has formed recently, which means that buyers are increasingly willing to acquire SOL at higher prices during corrections. This is reflected in the ascending lows observed in the chart.
Therefore, the probability of a bullish breakout at this point is quite high. If such a move occurs, we could see SOL rise first to $265 and, perhaps, to $300 if the positive momentum gains traction.