Solana is on the cusp of a bullish breakout amid growing market expectations of a spot Solana ETF and prospects of interest rate reductions.
Solana’s (SOL) looks ready to undergo a massive upside move by March, based on a mix of technical and fundamental indicators.
As of Jan. 18, SOL’s price was testing the upper trendline of what appears like a bull flag pattern.
Bull flags are bullish continuation patterns characterized by the price moving inside a downward-sloping channel (flag) after a strong upside move (flagpole). They typically resolve after the price breaks above the channel’s upper trendline and rise by as much as the flagpole’s height.
