🚨 SOLANA PRICE CONFIRMS BEARISH FLAG PATTERN
📉 Solana (SOL) has officially confirmed a "bearish flag" pattern on the daily charts, suggesting a potential downward trend. This technical breakdown occurs as SOL struggles to maintain its recent local highs.
🚫 The bearish sentiment is compounded by Solana ETFs snapping their impressive six-week inflow streak. Institutional investors appear to be taking profits or de-risking as the broader market face headwinds.
📊 Technical analysts warn that if SOL fails to reclaim the $140 support level, a "crash" toward $120 or lower could be next. The Relative Strength Index (RSI) is also trending lower, confirming losing momentum.
🐂 However, some bulls argue that this is a healthy correction following a massive rally earlier this year. The network’s high transaction volume remains a fundamental strength despite the current price volatility.