SOL - Bullish Structure DevelopingSOL / TetherUSBINANCE:SOLUSDTVIAQUANTThis is a major update to my last post on SOL's triple bottom, which can be viewed here. Recap After accurately predicting the low on the line chart, that same analysis also called the next high. Price has since broken above the triple top (marked as "Breakout" on the chart) and has since pulled back from the top of the rising wedge I outlined in this post. On the daily line chart, significant bullish developments are now forming in terms of market structure. SOL closed today right at the level where the last three tops came in (marked by the red arrows). This means that if buyers can show demand at this level over today's and tomorrow's price action, it will mark a perfect retest of old supply, or "selling pressure," being flipped into new demand, or "buying pressure." This is what I have marked as (green arrow + Retest) on the chart. The RSI is also developing strong bullish structure and upward momentum on the daily timeframe. In my last post, I outlined a bullish divergence forming right off oversold conditions (30). Since then, price has bounced from $78 to $94, and the RSI has recovered from 32 to above 50. What's particularly interesting is that the RSI is sitting exactly at the median level of 50. Just as with price action, if demand shows up here, the RSI could see a clean bounce from the median line all the way to overbought conditions at 70. This could put price around my "breakout target #1" and if the RSI is able to breach 70 it could send price towards the "breakout #2" target. Watch for confirmation with tomorrow's daily close. On the line chart, which only accounts for candle body closes, all you need to see is a close above $88–$89 to confirm the retest is holding.