- Solana has broken a Bull Flag pattern, aiming for $320–$340 in the short term.
- CryptoBullet forecasts SOL could hit $400–$600 if momentum continues.
- SOL currently trades near $221, showing strong support and rising market confidence.
Solana (SOL) has broken out of a Bull Flag pattern on its 1-day chart, confirming a bullish trend. CryptoBullet, a well-known analyst, identified this key breakout where SOL now targets between $320 and $340.
Source: CryptoBullet
The breakout also coincides with a Support/Resistance (S/R) flip, signaling strong buyer control over the asset. SOL currently trades at $221.91, positioning itself for further gains in the coming days.
Bull Flag Breakout Confirms Uptrend
CryptoBullet’s analysis shows the classic Bull Flag pattern, which signals a continuation of the previous uptrend. SOL initially surged sharply, forming the flagpole, before entering a consolidation phase that created a downward-sloping channel.
The price has now broken above the flag’s upper resistance line, which typically signals a fresh upward move. The breakout is supported by an important support/resistance flip, where a previous resistance zone now acts as a key support level.
This blue zone on the chart indicates that buyers are stepping in at this price range, helping SOL to stabilize above $220. CryptoBullet’s price target of $320 to $340 comes from measuring the length of the flagpole and projecting it upward from the breakout point.
Longer Targets: $400–$600 Zone Possible
CryptoBullet also shared a long-term perspective in response to growing trader interest. The analyst predicts SOL’s price could reach $400 to $600 if the current bullish trend continues.
These projections align with Solana’s historical price patterns during strong upward trends and indicate growing market confidence. The chart currently shows SOL holding firm above its flipped S/R level, signaling that bulls are in control.
Besides, the asset has already gained traction on social platforms, with CryptoBullet’s analysis gaining over 44,000 views on Twitter. Traders are now closely monitoring SOL’s movements to see if it reaches the short-term target or continues higher.
Traders Eye $320 Breakthrough
With SOL trading around $221.91, traders are anticipating a move toward $320–$340. CryptoBullet emphasized the importance of monitoring SOL’s price action as momentum builds.
Additionally, the analyst highlighted trading opportunities on Bybit, where new users can claim bonuses of up to 30,000 USDT after registering.
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