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

However, if buyers do not intervene 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, which is also where the ascending trend line drawn from the bottom in early April is located. The next line of defense is if SOL breaks below this area, causing the flag to fail, attention will shift back to the 50-day moving average near $131.