Solana (SOL) forms a potential bull flag pattern with breakout targets up to $160.
Price battles the key $142–$148 range as bulls and bears fight for control.
A drop below $139 could invalidate the bullish wave setup for Solana coin.
Solana currently trades at $147.61 after experiencing mixed price action across multiple timeframes. The cryptocurrency has declined 1.4% in the past 24 hours and suffered a 10% loss over the past two weeks.
Chart patterns reveal Solana forms a bull flag pattern on the daily timeframe, according to crypto analyst Lark Davis. This technical formation typically signals continuation of the prior uptrend. Davis identifies a breakout target of $160, which aligns with additional technical confluences including a potential MACD bull cross and a break above the 20-day exponential moving average.
Solana bull flagging on the daily. Breakout target is $160. Also lines up with MACD bull cross and 20 day EMA break.
Not confirmed yet.
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— Lark Davis (@TheCryptoLark) June 26, 2025
Critical Range Defines Nex…
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