🚀 Solana Bull Flag Hints at Rally — But Can It Break $180 Resistance? 📊
Solana ($SOL ) is showing early signs of a potential breakout, thanks to a textbook bull flag pattern that could send prices soaring — but traders must stay cautious. ⚠️
⸻
📉 Current Market Snapshot
• Recent drop: $184 → $160
• Attempting to reclaim: $180 resistance zone
• RSI: 64.30 – bullish but not overbought
• Spot volume: Still low, needs confirmation for a breakout
⸻
📈 Bull Flag Pattern Targets:
• 🔹 Breakout confirmation: Above $180
• 🎯 Target 1: $200
• 🎯 Target 2: $220
• 🎯 Flag projection: $260
• 🔥 Long-term fractal projection: $450
But remember: If SOL fails to break $180, the price could revisit the $140–$150 support zone — a daily order block offering higher time frame support.
⸻
📊 What Analysts Are Saying:
🔹 Robert Mercer:
• Identifies a 2024-style fractal pattern
• Expects sharp rally on breakout
🔹 Javon Marks:
• Notes hidden bullish divergence
• Predicts up to $450 if 2024 pattern repeats
🔹 Trader XO:
• Advises waiting for clear support above $180 before entering longs
⸻
⚠️ Key Takeaway
A breakout above $180 could unleash massive upside for $SOL , but volume confirmation is crucial. Don’t jump in blindly — wait for MSB or a clean bullish structure.
📌 This is not financial advice. Always DYOR.