Token

Rally

Solana

Bull Flag

<p>With Solana (SOL) changing hands around $98 at the time of writing, the coin has been impressivein the past few months breaking resistance while some supports during pullbacks.<a href="https://twitter.com/ali_charts/status/1745427405156516075?t=bJA5K4vRYJWkO7EU1TVV9Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow"> According to crypto analyst Ali,</a> SOL may be gearing up for another major rally if bulls can regain key support.</p>
<p><em><strong>Bull Flag Targets $150-$165 Move</strong></em></p>
<p>In a recent tweet, Ali pointed to a bull flag that has formed on SOL’s 4-hour chart during the current consolidation phase. This is a pattern marked by a strong surge upward followed by a period of choppy sideways action, with trendlines connecting the intermittent highs and lows.</p>
<p>A decisive break above the upper resistance trendline signals the resumption of the uptrend. For SOL, Ali notes that level lines up with the psychological barrier of $106. “A sustained close above $106 can trigger a 47% rally that pushes SOL toward the $150 – $165 price range,” he commented.</p>
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<p>If SOL manages to reach $150 again, it would have retraced almost half of the losses from its peak price. And that lines up with the typical bull flag breakout which often recovers 30-50% of the prior move.</p>
<p><em>Depends on Overall Market Conditions</em></p>
<p>However, Ali’s bullish scenario depends on bitcoin and the overall crypto market stabilizing to provide a supportive backdrop for altcoins. If selling pressure resumes across digital assets, it could halt SOL’s potential rally despite the bullish chart pattern.</p>
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<p>Solana is also struggling to hold support around the $80 level from its June lows. Though so far buyers have defended that area, a dip below the range low at $75 would negate much of the short-term bull case. The area between $106 (upper resistance trendline) and $75 is critical and how SOL trades here will determine if this becomes a true breakout or a fakeout trap.</p>
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<p>The post <a href="https://captainaltcoin.com/top-analyst-reveals-the-solana-price-level-that-could-trigger-sols-next-47-rally/" rel="noopener noreferrer nofollow">Top Analyst Reveals the Solana Price Level That Could Trigger SOL’s Next 47% Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Reveals the Solana Price Level That Could Trigger SOL’s Next 47% Rally

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