$SOL Approaches Key Reversal Zone — Breakout in Focus


Solana ($SOL) is currently trading near $133.71 and testing the lower boundary of a descending channel — a structure often associated with bullish continuation patterns. After a sharp impulse move, the asset has been consolidating with lower highs, forming a classic bull flag setup.


📊 Technical Highlights:

• Price action suggests a potential breakout from the channel, targeting the $230–$240 region.

• The measured move projection indicates a possible +67% upside if momentum confirms.

• Strong support from previous demand zones adds credibility to this setup.


Confirmation above the flag resistance will be key for validating bullish continuation. Traders should watch volume closely and look for a decisive daily close above the upper channel line.


#Solana #SOL #Trump

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June 23, 2025 at 10:30 AM
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