$SOL Identifying a SOL Bearish Flag
A bearish flag pattern on Solana's chart is a concerning continuation signal, indicating that a recent sharp decline may only be pausing before the downtrend resumes.
This pattern forms after a steep drop—the flagpole. The consolidation that follows typically drifts slightly upward or sideways within parallel channels, reflecting weak and temporary buying interest. A critical hallmark is declining volume during this phase, showing a lack of strong buying conviction.
The bearish signal is confirmed when SOL's price breaks down below the flag's lower support trendline. This breakdown, especially on increasing volume, projects a further decline roughly equal to the height of the initial flagpole.
Ultimately, this pattern warns that selling pressure remains dominant, and Solana's recent consolidation is likely a pause before another leg down.$PIPPIN $POWER
