Historically, triple bottoms have been among the most bullish support structures in crypto markets.
Solana’s potential bullish chart structure
The most bullish structures in crypto are the falling wedges. You can find many examples of falling wedge chart setups that resulted in multi-bagger results, in the period 2023-2024.
Solana didn’t really have a falling wedge before turning bullish in 2023.
SOL had a long term basing in the form of a triple bottom before it started an epic rally from $22 mid-2023 to $200 early 2024.
There you have it: the importance of the triple bottom chart structure!
Note – in our premium crypto research service, we alerted members on the SOL opportunity multiple times in the period July to Sept 2023.
Solana’s price chart and the importance of $122
Below chart comes from our Solana price prediction research which we partially publish in the public domain.
Note – we don’t feature Solana token tips in the public domain, we only do so in the restricted research area.
The daily price chart shows how SOL created a double bottom right at $122 (arguably, it is $123.45, an easy to remember number). The importance of $122 for the remainder of 2024 must be emphasized – a triple bottom right at $122 will be very, very bullish for SOL going into 2025.
Again – watch out with short term viewpoints and charts, typically shared in the $SOL cashtag; they are not helpful most of the times.
Solana’s buy the dip level?
Yes, if $122 holds, it will mark a BUY THE DIP opportunity.
As seen on the chart, above, $122 coincides with the top of what we believe is the ‘buy the dip’ area.
What this really means is that if SOL touches $122, but does not move lower, it will touch the ‘buy the dip’ (an area all whales have on their chart as well as an entry area) but there could be so much buying that price might refuse to fall lower.
We are not predicting that SOL will set a triple bottom at $122.
We are not predicting that SOL will not fall below $122 in 2024 or 2025.
All we are saying is that IF SOL does not fall below $122 in 2024 it would be the most bullish possible outcome for 2025.
