Most likely, a “Double Bottom” or “Adam and Eve” trend reversal pattern is forming on the chart of the Solana cryptocurrency.
Currently, all necessary conditions have been met:
- the first peak is sharp, with spikes and high trading volumes
- the second peak is U-shaped with small volumes
In order to continue working out this trading pattern, the SOL cryptocurrency needs:
- Anchoring at the top of a global downtrend that has been going on for almost a year now
- Breakout and consolidation above $50 per SOL
- On high trading volumes, break through the upper limit of the global downtrend channel and reach the target in the form of a strong mirror level in the area of $79-80 per SOLANA token