While Bitcoin (BTC) and the rest of the altcoins are still fighting to stay afloat amid an onslaught of negative market sentiment, Solana (SOL) may be one of the first altcoins to make its move back to the upside. Could this be a genuine pivot?
W pattern confirming a bottom?
Source: TradingView
Rather like in the case for Bitcoin, the $SOL price is in a descending channel. It has retested the bottom of that channel, which is acting as support along with a major horizontal level, and a major trendline.
The price has just emerged through the neckline of a W pattern and is currently testing it as support. At the bottom of the chart, the RSI indicator has just broken through a trendline and is also confirming the breakout. If this confirms, the W pattern will also confirm in the price action, and vice versa.
Multiple convergence of supports
Source: TradingView
The daily chart gives a much better view of the enormous supports underneath the $SOL price. The 0.786 Fibonacci, whic
We współpracy z: https://cryptodaily.co.uk/2025/11/has-solana-sol-already-started-its-rally
