Double Bottom Reversal (Bullish Structure from Demand Zone)

The chart shows SOL forming a double bottom at a strong demand zone, indicating a potential bullish reversal. Price has bounced twice from the same support region, showing clear buyer aggression and seller exhaustion, with a projected move toward the upper supply zone.

Key Observations

🔹 Demand Zone: $148 – $152 — strong support where both bottoms formed, triggering buyer interest.

🔹 Double Bottom Formation: Two clean touches confirming reversal structure.

🔹 Supply Zone: $183 – $187 — key resistance where sellers may step in.

🔹 EMA (10): Price is attempting to reclaim it; a close above the EMA would confirm momentum shift.

🔹 RSI: Currently around 47 — rising from lower levels, signaling early bullish momentum with room to move higher.

🔹 Structure: As long as SOL holds above the demand zone, the bullish reversal setup remains intact.

Potential Move

If SOL continues to hold above the $148–$152 demand zone, the next
upside targets are:

🎯 Target 1: $170

🎯 Target 2: $180

A breakdown below $148 could invalidate the reversal and push the price back toward deeper support levels.

Summary:

SOL is showing a strong double-bottom reversal from a key demand zone, supported by improving RSI and EMA interaction. Holding above $150 keeps the bullish structure active, with a potential continuation move toward $170–$180, followed by a retest of the supply zone near $185.
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