Solana and other alts have taken a beating retracing over 75% from it's ATH.
We can see some bullish divergence on the daily candle with some decent wicks on the bottom . However, we are still in a downtrend unless we break this trendline on the macroscale
On the smaller timeframe we also have another hurdle this other trendline
Zooming into the 4hour we can see some bullish divergence and a nice 4 hr bullish engulfing candle, making this a potential double bottom.
We can see some bullish divergence on the daily candle with some decent wicks on the bottom . However, we are still in a downtrend unless we break this trendline on the macroscale
Zooming into the 4hour we can see some bullish divergence and a nice 4 hr bullish engulfing candle, making this a potential double bottom.