#Solana Price Prediction:

Amid the recent market uncertainty surrounding spot Bitcoin ETF approval, the Solana price witnessed a notable correction in the last two weeks. From the new local top of $126.36, the coin price has plunged nearly 25% to currently trade at $94.58. However, a look at the daily time frame chart shows this correction has led to the development of a bullish Flag pattern which indicates the asset will rebound aiming for higher targets

Flag Pattern Could Resume Recovery in #SOL Price

A healthy retracement to 38.2% FIB reflects the overall trend of this asset remains bullish.

A bullish breakout from the flag pattern will hint at the end of the correction end

The 24-hour trading volume on the Solana coin is $2.9Billion.

However, a steady lower-high, lower-low formation in the daily time frame showcased the formation of a bullish reversal pattern called FLAG. Following this pattern, the current retracement could be a temporary pullback to replenish the exhausted bullish movement pattern and prepare buyers for the next leap.

As per the Fibonacci extension, the spot-breakout rally could surge the altcoin by 58% to hit a potential target of $152.