✅✨🚀 SOLANA TO BOOM✅✨🚀
Technical Analysis: Bull Flag Pattern Emerges for Solana
Solana (SOL) is displaying a textbook bull flag formation on its price chart—a pattern typically signaling the continuation of an uptrend. Here's a breakdown of the current technical setup:
Current Price: $186.93
Key Resistance: $180 — a daily close above this level would confirm bullish momentum
Short-Term Price Targets: $200 and $220
Bull Flag Breakout Target: $260
RSI (Relative Strength Index): 67.3 — indicating bullish momentum without being overbought
While the pattern is promising, market analysts advise caution. Trading volume has declined during this consolidation period, which may hinder a strong breakout unless buyers step in with renewed force. Confirmation with increased volume will be crucial to validate the next leg higher.