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3 SOL data points suggest $130 was the bottom: Is it time for a return to range highs?
Solana's weekly chart suggests that SOL price may have formed a bottom near $130, a setup that could help SOL price recover toward $250 in the weeks ahead. SOL’s price action since Nov. 11 has led to the appearance of a V-shaped recovery pattern on the four-hour chart. This follows a sharp drop that saw SOL price fall 25% from a high of $173. Bulls bought the dip following this drop, resulting in a sharp recovery to the current levels. The relative strength index (RSI) has increased to 50 from 28 since Nov. 13, indicating increasing upward momentum. As the price attempts to complete the V-shaped pattern, it could ... (full story)
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