SOLUSD Weekly Outlook: Bullish Shark Pattern

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SOLUSD Weekly Outlook: Bullish Shark PatternSOL / US DollarBINANCE:SOLUSDJ_O_S_E_UPDATE Bullish Shark Completion & Emerging Divergence Shark Pattern in Play: Following our previous analysis, SOLUSD has completed the Bullish Shark pattern at the 0.886–1.13 retracement of the 0-X leg. Price action is now reacting around this deeper PRZ, suggesting a potential reversal may be underway. DMI Delta Divergence: We’re seeing a bullish divergence between price and the DMI Delta—an early sign that bearish momentum could be fading. This divergence reinforces the likelihood of a bounce from the current levels. If this divergence is confirmed with a strong bullish candle or surge in volume, it may validate the Shark pattern and open the door for a trend reversal. Keep stops below the 1.13 extension to manage risk, and watch for price targets around the 38.2% or 61.8% retracement of the new leg.