Solana: Double Bottom Breakout Eyes $140 Target

Solana just completed a multi-month correction with a clean double bottom at major support followed by a breakout above the primary downtrend line, according to trader @CryptoKing4Ever.

The move sets SOL price prediction targets at the 0.786 Fib level near $100 and the 0.618 Fib level near $140. Historical Solana price corrections and double bottom patterns over the past year show similar setups often precede extended rallies when accompanied by volume expansion.

Price currently sits at $76.47 inside the Bollinger Bands with upper resistance at $78.66 and lower support at $74.48. The 50-EMA at $77.29 acts as immediate resistance while the 200-EMA at $75.77 provides dynamic support beneath price. RSI at 45.82 remains neutral and MACD has printed a death cross, indicating the breakout still requires confirmation above the 50-EMA before momentum shifts decisively higher.