John Bollinger says to ‘pay attention soon’ as big move could be imminent

Renowned technical analyst John Bollinger has identified potential W bottom patterns in Ether and Solana charts, suggesting a major move may follow. He noted that while ETH and SOL appear to be setting up double bottoms, Bitcoin has yet to form a similar pattern. A W bottom in Bollinger Bands is a bullish reversal signal indicating potential upward price movement. Ether has dipped to $3,700 twice this month and is recovering; Solana mirrored this with a drop to $175. Bitcoin experienced a significant dip below $104,000 before bouncing back. Analysts recall Bollinger’s last call to pay attention led to Bitcoin surging from below $55,000 to over $100,000. While Bitcoin has struggled to breach support-turned-resistance at $108,000, some analysts assert that the market is not in a bear phase and that the repeated contact with the 50-week simple moving average usually precedes strong rebounds.

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