Date: 2025-05-22
Key takeaways:Solana’s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution.After briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs.Solana shows promising signs on the daily chart, forming a textbook bull flag pattern after a strong uptrend. While SOL prices currently trade under $180, a breakout above this level could propel SOL toward its first target at $200, with further upside potential to $220 if momentum sustains.Solana 1-day cha...
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