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

Renowned technical analyst John Bollinger has identified potential "W" bottom patterns forming in the Bollinger Bands for Ether (ETH) and Solana (SOL), signaling that a significant price move could be imminent, though the pattern has not yet appeared on Bitcoin (BTC) charts. A 'W' bottom in Bollinger Bands is a bullish reversal signal. Ether has shown signs of recovery after dipping twice to $3,700, while Solana mirrored this with a double dip to $175 in October. Bitcoin recently experienced a major 'V' shaped dip below $104,000 before recovering. Bollinger's previous advice to "pay attention soon" in July 2024 preceded a major Bitcoin rally, adding weight to his current observation. Despite recent volatility and a failure to break resistance at $108,000, other analysts remain confident the market is still in an uptrend, citing repeated rebounds after touching the 50-week Simple Moving Average (SMA).

(Source：Cointelegraph)