Could Solana’s price rebound from below 180 USD? A double-bottom formation suggests a 40% increase

The formation of a double-bottom pattern below 180 USD suggests Solana could recover towards 250 USD. Traders are eyeing these levels as institutional interest rises.

The Bollinger Bands indicator indicates a potential reversal, supporting a bullish sentiment for Solana. If the price confirms a W-shaped reversal, a significant climb towards 250 USD is anticipated.