According to a recent tweet by Crypto Lalit, there is a bull flag formation on the Solana (SOL) price chart. The analyst predicts the value of $SOL
could pump to $350 based on this bullish pattern. But, all eyes have been on IntelMarket (INTL) following its 600% price pump.
Analysts believe INTL could remain one of the best-performing altcoins and could skyrocket by up to 10x. Meanwhile, Shiba Inu ($SHIB
) is eying a potential breakout from a cup and handle pattern. The expected target is $0.00003237.
Solana (SOL) Bull Flag Pattern Could Push It To $350
Solana (SOL) is a high-performance layer 1 blockchain that has gained popularity in the market for its low fees and fast transactions. Data from CoinMarketCap indicates the Solana coin price has dropped by 3.5% in the last two weeks.
Yet, analysts expect a trend reversal to play out in the coming days. Crypto Lalit argued that the Solana price is moving in a bull flag pattern. In the case of a breakout, the analyst forecasts the value of the Solana token could rally to $300 and then $350.
Another crypto expert called Xerxes also predicts the altcoin price might pump to $300 soon. Meanwhile, the cryptocurrency community is looking forward to a potential Solana ETF. Rumors have it that the current administration has no plans to greenlight any SOL ETF.