Solana Triple Bottom Bounce: Is SOL Is Loading Up for the Next Leg Up?

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 recent rebound from the third bottom shows the price starting to curl upward, implying the beginning of a potential trend shift.

If Solana successfully maintains its upward trajectory and breaks above $200, it may confirm a neckline breakout, opening room for a price move toward the $230–$240 region. Analysts note that an accompanying surge in trading volume will serve as key validation of this bullish setup.

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 structure reflects the gradual handover of control from sellers to buyers, suggesting that market sentiment is tilting toward optimism.

The upward curl observed after the third bottom demonstrates a technical transition from a downtrend to consolidation. Traders are closely watching whether Solana can maintain momentum toward the neckline resistance around $200. Sustained buying pressure would likely mark the completion of the base pattern, confirming the start of a potential bullish wave.

Market participants remain attentive to trading activity, as increasing volume would confirm that buyers are regaining strength and setting the stage for a sustained recovery in price.

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.

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