Solana shows bullish potential aiming at increase to 300 USD

Bullish flag pattern formed: Solana’s weekly chart showcases a bull flag pattern, a strong upward indicator. This pattern is marked by a price surge and subsequent consolidation, creating a flag-like appearance. The recent breakout suggests that Solana’s consolidation phase is ending, opening the door for potential sustained growth.

Social engagement boosting interest: On-chain data signals increasing social interaction with Solana. This surge in social volume suggests heightened interest, possibly driving SOL’s price above 236 USD. Trading above the Ichimoku Cloud indicates robust support, strengthening Solana’s position and potential to test or exceed its peak at 264.66 USD.