$SOL has confirmed a bullish reversal after breaking out from a descending trendline. This breakout established a bullish market structure. Subsequently, a bull flag pattern has materialized on the daily chart.

Currently, SOL's price is testing the 200-day

Exponential Moving Average (EMA), which is acting as immediate resistance. A decisive break above this key level could signal the continuation of the uptrend.

Adding confluence to this bullish outlook, the Dynamic EMA Crossover Indicator has recently printed a Buy signal.

Should the bull flag see a successful breakout and SOL price overcomes the 200-day EMA, the next significant resistance level and potential price target lies around the $180 zone.