Solana Price Analysis: Flag Pattern Suggests Imminent Breakout Rally to $200

Solana Price Analysis: In the past two weeks, the cryptocurrency market has witnessed heightened volatility as Bitcoin price resonates around $60000. This consolidation has put downward pressure on several altcoins including Solana. The SOL price reverted from $160 in the second week of May and has tumbled 10% to currently trade at $143. However, this pullback in the 4-hour chart shows the formation of a flag pattern— a setup viewed as a temporary pullback before a strong rally.