Solana Forms Bullish ‘Double Bottom’ Trading Pattern

CryptoProwl

Wed, April 22, 2026 astatine 8:31 AM CDT 1 min read

Solana (CRYPTO: $SOL) has formed a bullish trading signifier known arsenic a “double bottom” that could awesome a important terms summation is connected the way. 

SOL has risen 6% implicit the past week arsenic capitalist assurance returns to the crypto market, bringing its marketplace capitalization to implicit $50 cardinal U.S. 

Solana’s terms has gained on with different integer assets arsenic tensions successful the Middle East ratchet down and the terms of crude lipid steadies. 

More From Cryptoprowl:

• Ripple, The Company Behind XRP, Is Valued At $50 Billion

• Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

• Blockchain Projects Decline 75% As Developers Shift To A.I.

• Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance

• New York Stock Exchange Invests $600 Million In Polymarket

The token is besides benefitting from organization adoption, with Goldman Sachs (NYSE: $GS) precocious disclosing that it holds $108 cardinal U.S. successful spot Solana exchange-traded funds (ETFs). 

Chart experts accidental that Solana is present successful the process of completing a “double bottom” pattern, which is simply a set-up that typically signals a bullish reversal oregon breakout higher.

For Solana, the cardinal terms to ticker is $97.80 U.S., which is astir 10% supra the existent price.

A decisive breakout supra that level could presumption SOL for a emergence to $120 U.S. oregon higher, with nary much large absorption levels successful its way. 

Solana is presently trading astatine $88.79 U.S., having risen 5% successful the past 24 hours.