Will Solana price rebound below $180? Double bottom hints at a 40% rise

Anatoly 2025-10-22 10:44 30191人围观 SOL

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Solana price has formed a potential double bottom pattern below $180 on the daily chart, a move that could help SOL price recover towards $250 in the coming weeks.

Solana Bollinger Bands May Lead Economic Recovery

Now may be “the time to pay attention,” says senior chart analyst John Bollinger, who spotted a potential W-bottom reversal for Ethereum and Solana using the Bollinger Bands framework.

The bullish signal comes after SOL price dipped twice near $175 before stabilizing, suggesting greater volatility is likely.

The Bollinger Bands (BB) indicator says this is an encouraging sign from the Solana market. The Bollinger Bands indicator (BB) uses the standard deviation around a simple moving average to determine possible price ranges and volatility.

On the daily chart, the Bollinger Bands are forming the second low point of the W-shaped pattern - the double cross bottom, and then breaking upward.

In this case, SOL's drop to $172 on October 11 was the first bottom, and Friday's drop to $174 was the second bottom, retesting the lower limit of the BB.

If confirmed, Solana price could recover from current levels, heading first towards the neckline of the W-shaped pattern at $210 and then towards the $250 target of the current chart pattern.

Crypto YouTuber Lark Davis said in an X post on Monday: “Solana is looking very constructive here, with the RSI approaching a momentum breakout and the MACD heading towards a bullish crossover. ”

The attached chart shows that SOL price is forming a potential W (double bottom) on the daily time frame.

“The price target here is $250 if the W pattern is confirmed, which would occur on a neckline breakout. ”

Lark Davis added that the key now is for "bulls to hold on to the 200-day EMA."

As Cointelegraph reported, a new uptrend will begin once buyers push the price above the 20-day EMA (currently $200).

Investors increase investment in Solana

Data from CoinShares shows that institutional demand for SOL investment products appears to be increasing.

Weekly inflows into the SOL exchange-traded product (ETP) were $156.1 million in the week ended Friday, taking full-year inflows to $2.8 billion.

On the contrary, global crypto investment products recorded a net outflow of US$513 million, with investors particularly seeking risk aversion in Bitcoin. Bitcoin was the only major asset to see a net outflow last week, totaling US$946 million.

James Butterfill, Head of Research at CoinShares said:

“The launch of the Solana ETF generated buzz and drove inflows. ”

The U.S. Securities and Exchange Commission (SEC) is expected to make decisions on nine Solana ETF spot applications that have been delayed by government lockdowns.

Approval could unlock billions of dollars in institutional capital, such as the REX-Osprey Solana Staking ETF (SSK), which debuted on July 2 with first-day trading volume of more than $33 million.

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