$SOL Solana (SOL) is currently exhibiting bullish trends, with its price showing signs of recovery and upward momentum. After a sharp dip, SOL bounced back above $155, driven by growing institutional interest and a surge in Solana staking ETF inflow, which exceeded $40 million. Technical indicators suggest a cautiously optimistic outlook, with the Relative Strength Index (RSI) positioned in a neutral zone and the Stochastic Oscillator and Commodity Channel Index (CCI) pointing to short-term bullish momentum.¹ ²

*Key Bullish Indicators:*

- *Ascending Triangle Pattern*: Solana's price structure is forming an ascending triangle, a pattern widely recognized as a bullish continuation setup.

- *Higher Lows*: SOL has been recording consistently higher lows, suggesting increased buying pressure at higher prices.

- *Moving Averages*: The 7-day and 14-day moving averages hint at a hold or mild buying pressure, while the 4-hour chart shows a forming uptrend.

*Potential Price Targets:*

- *$297*: The first level of major resistance, representing a 74% gain from current levels.

- *$338*: A secondary target that could serve as a checkpoint or minor consolidation level.

- *$385*: The most optimistic near-term target, achievable if the broader market supports a strong altcoin rally.³