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Can SOL Price Regain $150 Soon?

Most large-cap bitcoin assets are trying to break out of the turbulent market. Over the previous two weeks, Solana prices have stayed between $120 and $140.

A famous social media expert on X has made a positive prediction for the sixth-largest cryptocurrency.

Satoshi Flipper, a crypto analyst on X, posted an intriguing short-term Solana price estimate on March 22. The internet commentator believes the altcoin's price is about to break out to a new high.

This bullish forecast is based on a 4-hour Solana price chart symmetrical triangle formation. A diagonal falling upper trendline (linking lower highs) and a rising lower trendline (connecting higher lows) form the symmetrical triangle technical analysis pattern.

The asset price usually converges toward the symmetrical triangle apex. At the peak, the asset's price will breach the upper trendline or lower border. A breakout or breakdown of the symmetrical triangle might imply a trend continuation or reversal.

Symmetrical triangles are continuation patterns, meaning the price resumes its trend before forming the triangle. Since the pattern signals market indecision, the breakout direction is never clear.

According to Satoshi Flipper, the Solana price may reverse its downward trend and rise. The crypto researcher predicts SOL to turn around if it closes above the upper trendline at $132.

The price goal for a symmetrical triangle pattern is the width of the base plus the breakout point. According to this reasoning, Solana might reach $152 (a 20% increase from the current price).

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