Solana’s price potential recovery to $250 is signaled by a double-bottom pattern below $180, with institutional demand for SOL rising due to $156 million in weekly ETP inflows. Veteran chartist John Bollinger suggests paying attention to potential W-bottom reversals on Ether and Solana using Bollinger Bands. The SEC is expected to decide on nine spot Solana ETF applications, which could unlock billions in institutional capital if approved.

Read more at Cointelegraph: These Metrics Suggest $180 Was the Local Bottom