Epic Rally Alert: Solana Hourly Chart Reveals Bull Flag Formation, SOL Targets $163
Summary
Solana (SOL) surged after a correction from its 20-month high of $125, reclaiming the $100 level with a 6.4% surge. A potential bullish continuation pattern, a bull flag, was identified in Solana’s 1-hour chart, suggesting further price gains. Despite facing multiple resistance levels, Solana could aim for a target of $163 if it achieves a decisive close above the $110 resistance level. Token Terminal data reveals consistent growth in Solana’s blockchain ecosystem, with impressive increases in circulating market cap, fully diluted market cap, revenue, and fees over the past 30 days.
