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财经少华|Feb 07, 2025 06:09
SOL struggling around $200, bullish comeback at $350?
The cryptocurrency market has fallen to $3.24 trillion, and although SOL has dropped by 1.12% in the past 24 hours, it is still hovering around $200, so it hopes to recover its $100 billion market value.
SOL's goal is a double bottom reversal
In the daily chart, the SOL price trend shows the possibility of a triple bottom reversal. The RSI daily chart supports upward opportunities, revealing the bullish divergence of the three bottom pattern. The collar of the bullish pattern is close to $216. However, due to the bearish trend reflected by the super trend indicator, the recovery of the collar may be slow.
Is SOL ready to make a comeback?
When SOL prepares for a double bottom reversal, a short-term double bottom breakthrough may challenge the pressure level of $250, followed by the key resistance of $273.
Optimistically, with a wider market recovery, this $350 milestone is a potential target for bullish radar. On the other hand, the positions around $179 and $150 still provide important support for SOL.
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