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Bit360

06/18 09:05

Solana Price Dips Below $150 But Bullish Pattern

Solana Price Dips Below $150 But Bullish Pattern Signals Breakout to $220Cboe-Revolutionizes-Crypto-Trading-with-New-Bitcoin-Futures-Product-2025-06-18T084922.510-768x432.jpg

  • Solana shows a 5.88% daily decline, but technical indicators suggest a bullish breakout.
  • Analysts highlight a completed bullish flag pattern, hinting at targets of $165, $183, and $220.
  • Price predictions for 2025 range from conservative gains to new all-time highs above $328.

Solana (SOL) is currently trading at $149.21, marking a 5.88% decrease in the last 24 hours. Despite this decline, trading volume has increased 8.11% to $4.81 billion, suggesting heightened investor activity. Over the past week, SOL has slipped 9.25%, maintaining a near-flat position from seven days ago when it traded at $149.18.unnamed (22).png

However, crypto analysts point to an optimistic technical formation. According to CryptoIlokano, SOL has successfully completed a bullish flag pattern on the 12-hour chart. The pattern, a staple among chart technicians, typically indicates a continuation of upward price movement following a brief consolidation phase. Historically, bullish flags precede upward breakouts approximately 65% of the time (Warrior Trading, 2014).
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