The post Rare Bottom Pattern Hints at Rally appeared on BitcoinEthereumNews.com. Solana price is drawing fresh attention after two separate weekly charts pointedThe post Rare Bottom Pattern Hints at Rally appeared on BitcoinEthereumNews.com. Solana price is drawing fresh attention after two separate weekly charts pointed

Rare Bottom Pattern Hints at Rally

2026/03/18 04:24
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Solana price is drawing fresh attention after two separate weekly charts pointed to strong support and a possible larger reversal setup. One chart shows resistance at $125 and $250, while the other highlights a rare bottom pattern that previously appeared before major rallies.

Solana Holds Key Support as Chart Signals $125 Test, $250 Level in Focus

Solana traded near $94 on the weekly chart while holding a defined support zone after a recent pullback. Price rebounded from the mid-$80 range, where buyers stepped in after a sharp decline. The structure shows a series of higher lows since early 2023, which keeps the broader trend intact despite short-term weakness.

Solana Weekly Price Levels. Source: Rendoshi

The chart highlights $125 as the next resistance level. This area aligns with a prior consolidation range where price previously stalled. If momentum continues, a move toward that level would mark the first major test for bulls. However, price must first confirm strength above the current range and sustain higher closes on the weekly timeframe.

At the same time, the $250 level remains a key reference point. It represents the previous all-time high weekly close and has acted as a ceiling during past rallies. Price has tested this zone multiple times but failed to break and hold above it. As a result, the level continues to define the upper boundary of the current market cycle.

Meanwhile, the Relative Strength Index shows recovery from oversold conditions. Earlier dips pushed RSI toward lower levels, where buyers historically entered. The recent bounce in RSI supports the price reaction seen near support. However, RSI still sits below mid-range, which suggests momentum has not fully shifted.

In addition, the overall structure reflects a range-bound market between roughly $85 support and $125 resistance. Until price breaks either side, the market remains in consolidation. A confirmed move above $125 would open the path toward higher levels, while rejection could keep Solana trading within the same range.

For now, Solana maintains its structure above key support while approaching a critical resistance zone.

Solana Weekly Chart Shows Rare Bottom Signal Seen Before Major Rallies

Meanwhile, Solana’s weekly chart is showing a setup that has appeared only a few times in the past three years. The chart shared by WebTrend points to back to back bottom candle clusters, a pattern that previously formed near major turning points. In both earlier cases, the signal appeared after long drawdowns and before strong upside moves.

Solana Macro Bottom Setup. Source: WebTrend

The first similar setup appeared in 2023, when Solana was coming out of a deep correction. After that signal, the asset entered a sharp recovery phase and posted a 1,604% rally, according to the chart commentary. Later, another signal appeared in 2025 and was followed by a 142% move. Because of that history, traders are now watching the latest cluster as a possible macro bottom confirmation.

In the chart, Solana also trades below a downward sloping moving average, which still shows that the broader trend has not fully turned. However, the recent candles suggest selling pressure has started to slow. Small-bodied candles and repeated lower-wick reactions often show that buyers are defending a zone instead of allowing another straight breakdown.

At the same time, the repeated green arrows on the chart mark earlier reversal areas where momentum shifted after a prolonged decline. Those marks do not guarantee the same result again, but they do show that similar structures previously developed near important lows. As a result, the current pattern stands out because it matches earlier recovery setups rather than a clean continuation lower.

Still, confirmation matters. A bottom structure becomes more reliable when price follows with stronger weekly closes and eventually reclaims trend resistance. Until that happens, the chart suggests an early reversal attempt, not a completed breakout.

For now, Solana’s weekly structure is drawing attention because a rare bottom signal has reappeared. The pattern previously came before two major rallies, so the market is now watching whether the setup can again lead to a broader trend shift.

Source: https://coinpaper.com/15510/solana-price-prediction-rare-macro-bottom-pattern-points-to-potential-rally

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