Solana’s Bear Flag Signal Hints at Short-Term Sell Signal, While Altcoin Market Shows Promise

Technical analysis reveals a potential short-term bearish scenario for Solana (SOL). According to charts, SOL broke out from a bear flag pattern after forming a double top near the $188 level. This indicates a decline of around 8.6% toward the target price of $142. Traders who took advantage of the break in the previous consolidation might already be profiting from this move as SOL trades below the lower trendline of the upward-trending zone.