$SOL at a Turning Point: Breakout or Rejection?
The Solana ($SOL) chart is drawing a "Bull Flag" pattern on the 4h timeframe. After testing the resistance at $155, the price consolidated and is now seeking volume to break out.
* Bullish Scenario: Closing above $162 paves the way for $180.
* Bearish Scenario: Losing support at $148 could lead to a retest at $135.
The RSI is in neutral territory (52), which allows for movement on both sides. Keep an eye on the daily candle close!
Strategy: I am watching for a breakout with confirmed volume. And you, are you Long or Short on Solana today?