SOL – Double Bottom on Hourly ?

Since topping out at $260 on November 06, 2021, Solana (SOL) has been falling consistently. Today it is being dragged lower by the broad based crypto decline. On the hourly charts, we see a double bottom pattern that started from Nov 13. SOL tested the same level on Nov 14th. The short and medium term trend is bearish and the break means SOL is headed towards the fib 1.272 support level near $218, the low of November 10, 2021.