Solana could be on the verge of a rally to $260, but first, SOL needs to push through a tough overhead resistance level.
Key takeaways:
Solana’s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution.
After briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs.
