Technical analysis by EstherLeblanc about Symbol SOL: Buy recommendation (10/28/2024)

SOLUSDT is seeing a gentle decline today, trading around 174.54 USDT as the new week kicks off, marking a slight 1.06% dip for the day.While the short-term chart shows a clear downward trend, this movement appears to be more of a corrective pullback. The coin is edging closer to completing a double-top pattern, with key support positioned at 165.40 USDT.On the other hand, if the double-top pattern doesn’t fully form, the overall uptrend remains intact, supported by the EMA 34 and 89 levels and an ascending trendline.What’s your outlook on SOLUSDT’s direction?.