Solana’s Bull Flag Pattern Hints at Potential Rally Despite Cautious Market Sentiment

Solana (SOL) is exhibiting potential for a price rally, as its bull flag pattern suggests an upward movement toward $260. However, analysts caution due to low spot buy volumes during the current consolidation phase. The cryptocurrency has recently seen a dip from $184 to $160 but is now seeking to regain its position above the key resistance level of $180 for the second consecutive week. This comes as Bitcoin (BTC) reaches an all-time high, fueling market speculation about a capital rotation that could propel major altcoins like SOL to new heights.