Solana’s SOL Rallies to $152.94 After Hitting $147 Low
SOL rebounded from a low of $147.13, trading above $151, driven by increased on-chain activity as Coin Days Destroyed reached 3.55 billion, the third-highest this year. This rebound confirmed a bullish double bottom pattern, supported by rising volume.
Key points include:
- SOL rose 3.95% intraday, reaching $152.94.
- Double bottom formed near $147.50, indicating a potential trend reversal.
- Resistance is at $152.50–$153.00, restricting upward movement.
- A bullish channel is visible on the 6-hour chart with increasing volume.
- Price slightly decreased from $152.51 to $151.77 (0.48%).
- Near-term support is at $150.85, with a bearish engulfing pattern on the hourly chart.