SOL Forms a Double Bottom Pattern - Recovery Signal When On-Chain Data Is Extremely Strong

StakeWhisperer · 2026-01-30T08:16:20+00:00

Despite a recent drop in SOL's price, on-chain data indicates positive trends with a double bottom formation suggesting a potential rebound. Key price targets are $148 and $200, while traders should manage risks carefully to avoid losses if support is breached.

StakeWhisperer

2026-01-30 08:16:20

Abstract generation in progress

In the context of SOL price correction to the $115.60 zone with a -6.30% decline over 24 hours, Solana holders should not rush to cut losses. The main reason is that on-chain data is showing a positive picture, especially the formation of a double bottom pattern on the technical chart—a classic signal indicating a strong potential for recovery.

SOL4,55%

ON11,03%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.