2026-01-16 22:57:55

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

SOL-1,33%

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AlwaysAnon

· 15h ago

Another 50-day bottom? I think these kinds of charts have been talked about to death every time. The key is whether it can truly break through.

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BearMarketMonk

· 01-16 23:27

Well... talking about $200 is a bit early; we're still just messing around at the bottom.

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SandwichTrader

· 01-16 23:19

Another 50-day bottom? I was actually losing money when I mentioned this last time. Is it really stable this time?

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TestnetScholar

· 01-16 23:13

Is this the same rounded bottom description... When was it said like this last time?

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BrokeBeans

· 01-16 23:10

Here we go again with the 50-day moving average story, every time saying that such a bottom pattern will take off, but what happens? I just want to know if this time will be another false breakout.

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