Solana’s Triple Bottom Bounce: Is This the Sign of a Bullish Market Comeback?

Solana is experiencing a significant price resurgence, forming a classic triple bottom pattern near the $175 support level. This bullish signal coincides with the Hong Kong Stock Exchange approving the first Solana Spot ETF, further fueling market optimism. Analysts believe this recent development indicates a potential turning point in the SOL price movement, suggesting a strong accumulation phase that could propel prices higher. The technical analysis points to a structural reversal as Solana’s price shows signs of breaking above its $200 resistance level. A successful breakout could open the door for Solana to target the $230-$240 range.