$SOL
🚨 SOL/USD Technical Analysis: Bull Flag Points to $220 Target 🚨
Technically, SOL has produced a bull flag pattern on the daily timeframe—a consolidation phase usually fixed with a significant breakout resolution. Based on the pattern, $220 looks to be a reasonable pricing target—a 53% increase from current levels.
However, experts note that this hopeful situation cannot arise without continuous support in the $120-$130 range. A fall below this support zone might ruin the trend and perhaps start a more complete downturn through targeted acquisitions by institutional entities.