$SOL SOL is currently trading at around 144 USD, slightly below the 100-day moving average and the key resistance level of 151 USD. If this level is broken, it may test the high of around 180 USD from February again. However, the trading volume must increase significantly to confirm the breakout. Price movements alone are not enough. A typical bullish consolidation pattern occurs when there is a slow pullback or sideways movement after a price increase, with declining volume during the flag formation. This phase usually acts as a cooling period before a significant rise.

However, if buyers do not step in quickly, this setup may fail, especially if the RSI is declining and momentum indicators show weakening strength. Additionally, a support area has formed around 133 to 135 USD, which is also the position of the ascending trend line drawn from the bottom in early April. The next line of defense is that if SOL falls below this area, invalidating the flag pattern, attention will shift back to the 50-day moving average near 131 USD.