Forecast 79224265011: Bullish Prospects

At the time of writing this analysis, SOL is trading at $223.67, having gained 4% over the last 24 hours. The daily chart (attached below) shows that the cryptocurrency has formed a bullish flag. This pattern consists of two rally periods separated by a short consolidation.

When the bullish flag began to form, the price of Solana dropped to $213.64. It then recovered to current levels. If the price breaks through the upper line of the flag, it could rise to $290 by the end of the year. In the most optimistic scenario, SOL could appreciate to $500.

However, if market conditions shift to a more bearish outlook, then the positive forecast will be invalidated. In such a scenario, Solana risks pulling back to $189.36.