Solana price prediction as it forms a major bullish pattern
The post Solana price prediction as it forms a major bullish pattern appeared on BitcoinEthereumNews.com.
The price of Solana (SOL) has formed a bullish flag, eyeing a breakout above key resistance. Solana ETF filing and 1inch integration have boosted Solana’s fundamentals. Short squeeze and volume surge signal strong market momentum. After weeks of steady movement, Solana (SOL) is flashing signals that suggest a powerful breakout could be on the horizon. The token is currently holding strong around $151.45, with its 24-hour range stretching between $149.71 and $154.17. This stability comes as SOL cements its place among the top-performing assets in the crypto market, gaining over 12% in the past seven days. Bullish flag breakout hints at continuation Solana’s daily chart has now broken past a textbook bullish flag pattern, a formation that often precedes a sharp upward move. This pattern formed as the price consolidated in a narrowing range, with higher lows and lower highs tightening the structure. Currently, SOL is trading above the upper line of this flag, while also testing its 100-day moving average, which now acts as dynamic resistance. A successful close above the moving average could be the catalyst that unlocks the next phase of the rally. Momentum indicators are already aligning in favour of the bulls, as the MACD flashes a buy signal while the RSI has climbed above the neutral 50 mark. Solana ETF buzz has ignited institutional interest Beyond the charts, fundamental news is adding fuel to Solana’s upward narrative. REX Shares recently made a post on the social media platform X, hinting at the launch of a Solana staking ETF. Coming Soon: The First-Ever Staked Crypto ETF in the U.S.! Introducing the REX-Osprey™ SOL + Staking ETF, designed to track the performance of Solana while generating yield through on-chain staking. ✔️ SOL exposure✔️ Staking rewards A new era of yield-generating crypto… pic.twitter.com/I8yIEqiI5R — REX Shares (@REXShares) June…
Filed under: News - @ June 30, 2025 5:29 pm