Maxim S
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$SOL: W-shaped pattern — a bullish reversal signal? 💥📈
The Solana chart is screaming about the formation of a powerful W-shaped pattern — a classic double bottom figure that often heralds a trend change from bearish to bullish. And it seems the market is starting to feel it. 🔍📉➡️📈
🔹 Technical picture:
– A confident right "leg" of the W is forming
– Buying volume is rising 🚀
– RSI indicates strengthening momentum 📈
– MACD is preparing for a bullish crossover 💚
🔹 On-chain signals:
– Balances on exchanges are decreasing 📉
– The number of active wallets is increasing 👛
– Whale activity hints at accumulation 🐳
🔹 Background and context:
Sol is being discussed everywhere — from memes to analytics. Influencers are calling the current formation a "hidden gem pattern," and volumes continue to grow. 💬⚡
💡 Important: confirmation of the breakout is key. Don’t rush into entering, let the price consolidate above the resistance level. And always — risk management comes first. ⚖️🧯
🔥 If this pattern works out, Solana could initiate a new impulse rally. Let’s watch and prepare!
🚫 DYOR — this is not financial advice.
The Solana chart is screaming about the formation of a powerful W-shaped pattern — a classic double bottom figure that often heralds a trend change from bearish to bullish. And it seems the market is starting to feel it. 🔍📉➡️📈
🔹 Technical picture:
– A confident right "leg" of the W is forming
– Buying volume is rising 🚀
– RSI indicates strengthening momentum 📈
– MACD is preparing for a bullish crossover 💚
🔹 On-chain signals:
– Balances on exchanges are decreasing 📉
– The number of active wallets is increasing 👛
– Whale activity hints at accumulation 🐳
🔹 Background and context:
Sol is being discussed everywhere — from memes to analytics. Influencers are calling the current formation a "hidden gem pattern," and volumes continue to grow. 💬⚡
💡 Important: confirmation of the breakout is key. Don’t rush into entering, let the price consolidate above the resistance level. And always — risk management comes first. ⚖️🧯
🔥 If this pattern works out, Solana could initiate a new impulse rally. Let’s watch and prepare!
🚫 DYOR — this is not financial advice.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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