SOLANA double bottomed on 1day MA200. Target $400.

Solana / SOLUSD is trading inside a Channel Up since the July 29th 2024 high.

The price hit today the 1day MA200 for the 2nd time since January 13th and instantly rebounded.

Technically this makes it a Double Bottom formation and took place right at the bottom of the Channel Up.

The pattern is very similar with the Megaphone of May-August 2024 that was followed by a strong uptrend, the bullish wave of the Channel Up.

Their 1day RSI patterns are identical.

Buy and aim for a +140% rise from the bottom. Target 400.

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