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Solana's price action is shaping up nicely on the charts. After weeks of consolidation, we're watching a textbook 50-day rounded bottom formation take shape—the kind of reversal pattern that often precedes meaningful upside moves.
What's catching traders' attention? The confluence of support levels and time-based resistance we're seeing right now. If SOL breaks above key resistance with volume, targets north of $200 become increasingly viable.
The chart setup looks compelling for accumulation-minded participants. Whether this reversal completes on this attempt or needs another test of support will be crucial to watch in the coming sessions.
$SOL | #Solana