SOL - Bullish Monday (Scenario)SOL / TetherUSBINANCE:SOLUSDTVIAQUANTOne other crypto worth highlighting right now is Solana. On the weekly chart (the right chart) SOL has formed a perfect double bottom. Adding to that, on the 4H chart (the left chart) price printed a giant dragonfly doji following a liquidity hunt to the downside, and is now seeing a short squeeze develop as a result. If this strength continues, I would expect price to rally as high as $88–$91. This would represent a retest of the yellow trendline I have been monitoring and updating across these related posts: Any retest of that yellow trendline should then serve as the key trigger level if bears reclaim control at that point, further downside would follow. That said, a move toward that level from current prices would still represent a significant upside move for SOL in the near term. It is even possible to see the weekly double bottom serve as a local low for some time, but until we see how the US-Iran situation develops this week it is too early to confirm.