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SOL Struggles Near $200, Is $350 Right for a Bullish Comeback?
The cryptocurrency market fell to $3.24 trillion, and despite a 1.12% drop in the past 24 hours, SOL is still hovering near $200, thus looking to reclaim its $100 billion market cap.
SOL Aims for a Double Bottom Reversal
In the daily chart, the SOL price trend shows the possibility of a triple bottom reversal. The RSI daily line supports the upside opportunity, revealing a bullish divergence of the triple bottom pattern. The neckline of the bullish pattern is close to $216. However, the recovery to the neckline may be slow as the Super Trend Indicator reflects a bearish trend in play.
Is SOL Ready for a Comeback?
As SOL prepares for a double bottom reversal, a double bottom breakout may challenge the $250 pressure position in the short term, followed by the key resistance of $273.
Optimistically, this $350 milestone is a potential target target on the bullish radar with a broader recovery in the market. On the other hand, the positions near $179 and $150 still hold important support for SOL.
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The cryptocurrency market fell to $3.24 trillion, and despite a 1.12% drop in the past 24 hours, SOL is still hovering near $200, thus looking to reclaim its $100 billion market cap.
SOL Aims for a Double Bottom Reversal
In the daily chart, the SOL price trend shows the possibility of a triple bottom reversal. The RSI daily line supports the upside opportunity, revealing a bullish divergence of the triple bottom pattern. The neckline of the bullish pattern is close to $216. However, the recovery to the neckline may be slow as the Super Trend Indicator reflects a bearish trend in play.
Is SOL Ready for a Comeback?
As SOL prepares for a double bottom reversal, a double bottom breakout may challenge the $250 pressure position in the short term, followed by the key resistance of $273.
Optimistically, this $350 milestone is a potential target target on the bullish radar with a broader recovery in the market. On the other hand, the positions near $179 and $150 still hold important support for SOL.
Follow me and I will share with you the information and advice of the cryptocurrency circle every day.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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