Solana [SOL] is showing signs of a potential bullish breakout after successfully testing a critical support level. This altcoin has been consolidating within a bullish pennant pattern for the past five months.

Over the past 24 hours, SOL rebounded from the lower boundary of the pennant, indicating increased buying pressure at this support level.

This crucial support could act as a springboard for a potential rally toward the next resistance level around $153. The $153 resistance is significant for SOL bulls, as a decisive break above this level could reignite buying interest and pave the way for a retest of previous highs.

In line with the price action, Net Flow data from DeFiLlama reveals a substantial decrease in selling activity over the last 24 hours. Net Flow dropped from 9.58 million to -0.32 million at the time of reporting, signaling a notable reduction in selling pressure.$SOL

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Are you bullish or bearish on Sol ?