Solana (SOL): $170 Target in Sight? 💬

Solana (SOL) is flashing bullish signals, hinting at a potential bull market. Crypto analyst highlights the formation of a "W pattern" (double bottom) on SOL's chart, a classic sign of a price bottom. Analyst predicts a rally towards $170.

The W Pattern: A Bullish Signal

The W pattern indicates a coin has hit its lowest point twice at a similar price, suggesting a strong support level. This pattern often precedes a bull run. For SOL, this pattern emerged around $125, hinting at a possible rebound.

Current Momentum and Future Outlook

SOL is currently trading at $156, a 2% increase in 24 hours and a 7.8% rise in the last 30 days, signaling a recovery from the recent crash. Trading volume has also surged 33% to $2.8 billion, indicating renewed trader interest and bolstering SOL's journey towards the $170 target.

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