Solana Bull Flag Forms After Triangle Breakout
Solana's price action has taken on a bullish tone after breaking out of its symmetrical triangle pattern, forming a clean bull flag on the daily chart. According to trader analysis from September 15, 2026, this breakout suggests that Solana could reach measured move targets at $140.
The current price of SOL is testing below the lower Bollinger band support at $97.61, while the EMA50 resistance sits at $101.23. In contrast, the EMA200 provides nearby support at $94.55, indicating that Solana's price may be due for a short-term retracement before continuing towards its bull flag objective.
The MACD death cross at -0.75 confirms bearish momentum, but the neutral RSI reading of 31.5 suggests that this could be a temporary setback rather than a long-term reversal.