CandleFocus

Why Solana’s $264.63 All-Time High Could Be Back in Sight

Solana (SOL) has seen a 5% increase in price, trading at $233. The coin's daily chart shows signs of bullish momentum, suggesting a potential rally to reach its all-time high of $264.63. A bullish flag pattern has emerged on the SOL/USD daily chart, indicating a temporary consolidation before resuming its upward trend. Additionally, SOL bounced off the support offered by its Super Trend Indicator and has since climbed by 10%. If the coin breaches the upper line of the consolidation range, it could reach its all-time high. However, if it falls below the bullish flag pattern, the price may drop to $187.32.

Related News