- At the 0.0013 BTC level, Solana created a double bottom with buyers supporting the level strongly and holding off further declines against Bitcoin.
- A confirmed breakout above 0.0018 BTC could see SOL/BTC move toward 0.0022 BTC which corresponds to bullish forecasts and historical breakout targets.
- In USD terms, outperforming Bitcoin could see it go back to the $250–$290 level, positioning it close to retesting its all-time high region.
Solana is testing a crucial resistance against Bitcoin after forming a potential double bottom pattern, a setup that could define its next trajectory.
Double Bottom Pattern Suggests Momentum Shift
CryptoPulse shared on X that Solana’s chart is shaping a double bottom structure against Bitcoin. This formation often suggests weakening selling pressure and the possibility of bullish reversal.
Both lows at around 0.0013 BTC have been defended strongly, showing resilience from buyers. This level has become a reliable floor, holding firm against repeated attempts to break lower.
The neckline sits near 0.0018 BTC, which now serves as support-turned-resistance. A move above this zone would validate the pattern and indicate a trend shift.
Bullish Breakout Could Reignite Solana’s Upside
A confirmed break and daily or weekly close above 0.0018 BTC could unlock upward potential for Solana. The first target lies near 0.0022 BTC, aligning with technical expectations of a double bottom breakout.
In USD terms, this performance against Bitcoin may lift Solana toward the $250–$290 zone, close to its previous all-time high. This scenario depends on sustaining momentum above the resistance zone and increasing participation from buyers.
Notably, recent activity shows a +5.52% green daily candle, supported by higher trading volume. This development suggests that buyers are actively stepping in as the breakout zone is tested.
Resistance Rejection Could Extend Consolidation
If Solana ultimately can’t break above the red resistance area, we may continue to see the pair remain between .0013 – .0018 BTC. This means we could likely be stuck in sideways action against Bitcoin, until we can get a definitive catalyst.
Consolidation within this range may result in underperformance against Bitcoin in the short term. Market participants would then look for renewed signals before positioning for the next major move.
The key battleground remains the 0.0018 BTC level. A strong close above it with consistent volume growth is critical for any sustainable bullish shift. Until then, the setup remains balanced between breakout potential and extended consolidation.
