Solana (SOL) Breaks Bullish Flag Pattern, Eyes 15% Gain

Solana (SOL) has recently demonstrated a bullish flag pattern breakout, indicating a potential continuation of its upward trend. This technical signal has sparked optimism among analysts and traders, who are closely monitoring the cryptocurrency's price trajectory. The breakout occurred after SOL bounced off a key Fibonacci support level at $130, establishing a strong base for the uptrend.

The bullish flag pattern, identified by crypto trader BATMAN, typically follows an initial price surge and signals that the uptrend may resume after a brief pause. The pattern formed as SOL dropped toward the $130 Fibonacci level, creating a clear support base. The subsequent breakout was marked by a strong green candle and increasing volume, suggesting a return of buying pressure and impulsive strength in the trend.

Analysts are now focusing on the $145 to $150 zone, where a retest could set the stage for the next leg of the rally. This zone is acting as both a support region and a decision point for short-term price action. A brief consolidation in this area is expected before another move higher. The trendline from the flag pattern intersects with the fair value gap (FVG) area, creating an area of confluence for technical traders. Holding this zone could confirm the breakout and pave the way for higher levels.

The 0.618 Fibonacci retracement level around $130.97 served as the base of the recent move, aligning with classic bullish continuation setups. The sharp rebound from this level marked the start of a new impulsive wave, consistent with standard market cycles in crypto. Trader Alek also shared optimism, citing both technical strength and Solana’s growing utility. He pointed out that the coin recently broke its downtrend and could be aiming for much higher targets, potentially reaching $280 to $300.

If the $145 support zone holds firm, Solana could be preparing for another rally, drawing increased attention from market watchers. The growing market volume and strong bullish structure are confirming the increasing interest in SOL’s rally. According to the analyst's forecast, if current trends hold, Solana could be on track for a move toward the $170–$180 region.