Analysis of SOL Trends, Bull Flag Established?

Since November 20, SOL has been moving in a channel consolidation pattern, and on December 10, it formed a W-shaped double bottom, with significant trading volume, proving that there is strong support at this level.

As Bitcoin breaks through resistance levels, it should also help boost other currencies. Attention should be paid to the breakout of the channel and the key resistance level at 234.

If a breakout and trendline suppression situation occurs, the resistance levels above are 245 and 262. The 1:1 trend extension is around 308.

If it declines again, reaching around 202 or the lower support track, it would also be a very good entry opportunity. #SOL