Solana breaks out of a bull flag pattern on high volume, with on-chain data and supportive regulatory sentiment signaling a potential 28% rally to $149.
Solana broke out of a bull flag pattern on high volumes with a bullish on-chain crossover and supportive regulatory comments, targeting $149.
Solana (SOL) has surged 14% over the past week, fueled by a technical breakout from a bull flag pattern and a bullish on-chain crossover in daily active users. With macroeconomic uncertainty easing following the Federal Reserve's latest rate decision and a more supportive regulatory tone from the SEC, analysts project a potential 28% upside toward the $149 target.
The outlook is supported by a bull flag breakout on high volume, an RSI buy signal above 60, and a bullish crossover of the 30-day and 50-day moving averages for daily active users.