Trader Carl Moon has identified a potential turning point in Solana’s price action, suggesting a reversal after a significant bearish move. His analysis highlights the completion of a double top pattern on TradingView charts, which typically signals a bearish reversal signal. The pattern is supported by a breakdown through horizontal support at approximately $165, leading to a nearly 10% drop to the target zone of $152.76. Moon believes this level could mark not only an end to the downward trend but also the beginning of a new upward phase. He proposes that if this support holds, a consolidation within the $152–$155 range could be followed by a bullish breakout. This bounce scenario indicates potential buyer activity seeking entry points at discounted prices.