#sol I have read in several Square posts forecasts that support my prediction that $SOL is heading for $230, of which I highlight

SOL Price Forecast: Possible Increase Above $170

Another indicator supporting a prolonged increase in the price of Solana is the Chaikin Money Flow (CMF).

For the first time since last weekend, the CMF reading has crossed the zero signal line, indicating an increase in buying pressure.

If maintained, SOL could surpass the resistance at $137.81. If that is the case, the next target for the altcoin could be an increase to $171.42 near the golden ratio 0.618.

Conversely, if selling pressure increases, the CMF reading could fall back below the zero signal line.

In that scenario, the bullish thesis could be invalidated, and the price of Solana could drop below $100.