Double Bottom

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event Posted Jun 26, 2026 update Updated Jun 26, 2026

A double bottom is a bullish reversal pattern that forms after a downtrend. Price hits a low, bounces, pulls back to the same low level, then reverses upward.


Now Your SOL 1m Chart

Yes — there is a double bottom forming here. Your yellow arrows are pointing it out correctly.

What I see:

  1. First bottom — sharp drop to ~65.83 area around 10:15-10:20
  2. Bounce — price recovers to ~66.43-66.50 area (your dashed line — the neckline)
  3. Second bottom — price retests ~65.83-65.86 around 10:45-10:58
  4. Recovery — strong green candle back up through 66.43

Indicator Confluence — This Is Strong

Your yellow arrows are also showing something important:

RSI divergence:

  1. First bottom — RSI spiked down to ~15 (extremely oversold)
  2. Second bottom — RSI only reached ~30 despite price being at the same level
  3. Higher RSI on same price low = bullish divergence — sellers are weakening

MACD divergence:

  1. First bottom — MACD deeply negative (~-0.20)
  2. Second bottom — MACD less negative despite same price
  3. Same pattern — momentum divergence confirming the double bottom