$SOL 's current trading price is 241.14, having increased by 2.59% in the past 24 hours. The price has formed a bullish flag pattern, which is a continuation pattern suggesting a potential upward breakout.
The bullish flag pattern indicates that the uptrend may continue. A breakout above the flagpole resistance level could signal further price increases. The support level is at 221.80, with the previous high at 246.77.
Short-term outlook suggests that due to the formation of the bullish pattern, the price may continue to rise.
Bulls may consider entering at the current price of 241.14, with a take profit set at the previous high of 246.77.
It may be wise for bears to temporarily avoid establishing positions.
