According to U.Today, Solana (SOL) is exhibiting strong indicators of entering a bull market. Crypto analyst Ali Martinez has identified a W pattern, also known as a double bottom pattern, in Solana's price chart. This pattern suggests that the coin has bottomed twice at a similar price level, indicating a potential surge toward the $174 price level. The W pattern is a significant indicator for traders, as it suggests that the coin will not drop below the identified bottom levels, providing an opportunity to buy the dips. In Solana's case, the price has bottomed out around the $123 level twice, signaling a major rebound is on the horizon. Martinez predicts that Solana is poised for a substantial price rally, with the next target being $174. Additionally, he noted that approximately $2.98 billion in short positions could be liquidated if the SOL price reaches $176 from its current level. As of the latest update, Solana is trading at $155.60, reflecting a 1.96% increase in the past day and a 7.73% rise over the last 30 days. This upward movement indicates that Solana has recovered from the recent crypto market crash. Another positive indicator is the rising trading activity for Solana, with the 24-hour trading volume increasing by 32.45% to $2.77 billion. This surge in trading volume suggests renewed interest and support from traders, which is crucial for Solana's journey toward the $174 price level.