Solana Dey Aim $160–175 After Double Bottom & Cup Handle
Solana (SOL) don form plenti bullish technical patterns for im 4-hour chart, include rising channel, double bottom we near $142, and cup-and-handle setup. Buyers don defend support for around $148–151, making higher lows without break trendline. For the last 24 hours, SOL price rise 2.3% reach $151.62 on top 119.6% increase for trading volume reach $3.47 billion. SOL market capitalization now stand about $81.2 billion. Circle don mint $2.75 billion USDC on Solana for two months, with three injections for four days and no redemption. This stablecoin supply boost don increase total value locked and capital efficiency for all Solana DeFi protocols. If breakout pass $160–175 resistance zone, e fit trigger new rally go toward all-time highs. Traders suppose watch $148–151 support zone and make sure say price close pass $160 to confirm the bullish move.
Bullish
Di konvergens wey dey happen for di bullish chart patterns dem—like rising channel, double bottom, and cup and handle—plus strong on-chain metrics like USDC minting,igher trading volumes, and solid TVL, e dey support correct positive outlook for SOL. For short term, di support wey dem defend around $148–151 plus price wey dey increase because of volume show say buying pressure still dey, and di $160–175 range fit be target. For long term, better stablecoin liquidity for DeFi protocols plus growth for real economic value and DEX volumes fit push network adoption and capital flow, wey go ginger di bullish momentum. Traders suppose dey watch if price break above $160 well well to confirm say more upside go show.