- Solana’s triple bottom pattern between $175–$178 shows strong accumulation, signaling a transition from bearish correction to renewed bullish sentiment.
- The breakout above the $200 neckline could confirm structural reversal, targeting $230–$240 if buying pressure and trading volume increase.
- Hong Kong’s approval of the first Solana Spot ETF boosts investor confidence, aligning with Solana’s technical recovery and rising institutional interest.
Solana Triple Bottom Bounce is drawing market attention as the price structure suggests a strong accumulation phase, signaling a potential bullish reversal ahead for $SOL.
Accumulation Phase Strengthens Around Key Support Levels
Market analyst Kamran Asghar observed that the Solana Triple Bottom Bounce pattern on the 4-hour SOL/USDT chart is forming a classic base. The structure has shown three consecutive dips between the $175 and $178 levels, each time defended by consistent buying pressure.
This recurring support indicates that sellers have failed to push below this price zone, while buyers continue absorbing available supply. Such behavior typically reflects renewed demand and the formation of a reliable accumulation base. The third bottom bounce of the new bounce signals the price starting to curl higher, hinting at the start of a potential trend reversal.
If Solana can continue its upside momentum and breaks above $200, it can be confirmed as a breakout of the neckline, allowing room for a price move into the $230–$240 area. Analysts note that a corresponding increase in trading volume will be the all-critical confirmation of this bullish pattern.
Technical Formation Signals Momentum Reversal
The ongoing Solana Triple Bottom Bounce signals a possible end to the recent corrective phase. As price stability emerges at the $175–$178 range, traders are viewing this area as a “loading zone” for the next upward move. The formation indicates slow power transmission from sellers to buyers, which means that market mood is turning towards optimism.
The emerging curl following the third bottom indicates a technical transition from the downtrend to consolidation. Investors are closely monitoring whether Solana can continue momentum towards the neckline resistance zone of $200. Heightened buying pressure would most likely confirm the completion of the base pattern, validating the start of a likely bullish wave.
Market participants are also monitoring volume activity closely, and the higher volume would be required to validate that the buyers are taking strength and creating a base for a likely price rebound.
ETF Approval Adds Fuel to Market Anticipation
Adding to the growing momentum, CryptosRus reported that Hong Kong has approved the first Solana Spot ETF, scheduled to debut on October 27. The ETF will trade on the Hong Kong Stock Exchange in both U.S. dollars and Chinese renminbi, providing regulated access for global investors.
This development reinforces Hong Kong’s leading role in advancing digital asset investment products. The move also coincides with the Solana Triple Bottom Bounce, offering further optimism that institutional exposure could strengthen Solana’s market position.
While the United States continues to await approval for a Solana Spot ETF due to the government shutdown, Hong Kong’s decision may accelerate regional demand. Together, the technical setup and ETF launch form a compelling backdrop for what could be Solana’s next major leg upward in the ongoing market cycle.
