$SOL

🚨SOL Weekly Chart Forms Double Bottom🚨

On the higher timeframe, Solana price weekly chart showed a pronounced double bottom pattern, forming between March and June.

The altcoin pattern suggested that buyers defended the $120 zone twice, leading to a reversal in trend.

Notably, this structure resembled a “W” formation, which became actionable when the neckline was broken. In this case, that neckline was positioned near $189, which was a short-term resistance.

A confirmed breakout above $189 would open the path to the $211.54 level, representing a prior weekly resistance from late 2024.

Market data showed that Solana price posted a 10.85% gain last week, closing near $178.64. Consequently, this performance added confidence to the ongoing uptrend and strengthened the case for further upside.

The double bottom pattern is considered valid as long as the $140–$145 base is not breached in the near term.

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