SOL/USDT –> Double Bottom Breakout with Bullish Divergence

kelmarin

Hello guys!

Solana has completed a double bottom pattern and broken above the neckline, signaling bullish momentum. Here’s the breakdown:

1-Pattern Formation
A clear double bottom has formed around the $200 zone.
The neckline breakout happened at ~$213–214, confirming the reversal.

2- Momentum Confirmation
Bullish divergence on RSI supported the double bottom.
While price made equal lows, RSI showed higher lows → early sign of trend reversal.

3-Entry Options
Market entry
Pullback entry: Around the $210 area, in case of a retest of the neckline zone.

5- Target
The projected move from the pattern points to $222.
This also aligns with the next resistance area.

20 jam lalu

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