Solana Price Could Break $300? Bull Flag Pattern & MACD Signal Make Investors Optimistic!

Updated

June 11, 2025

Gambar Solana Price Could Break $300? Bull Flag Pattern & MACD Signal Make Investors Optimistic!

Jakarta, Pintu News – The buoyant crypto market is giving strong signals that Solana could reach new highs above $300.

With a bullish flag pattern and a favorable MACD crossover, is it time for Solana to surge?

Bullish Flag Pattern and MACD Crossover

Solana (SOL) recently displayed a bullish flag pattern that promises a continuation of the uptrend. This pattern formed when Solana’s price surged from a low of $95 to a multi-month peak of $184, forming a flagpole.

After that, there was a 23% drop from $184 to $141, which formed a flag. Currently, with Solana’s price at $160, the cryptocurrency is testing the upper limit of the flag resistance.

solana price analysis — Source: TradingView via Coingape

If Solana manages to form three convincing candlesticks above this resistance level and turn it into support, this could trigger a 97% price increase, pushing it to a new record high of $300.

The MACD indicator also supports this bullish scenario by showing a buy signal on the daily time frame which coincides with a potential break of resistance.

Market Analysis and Sentiment

Furthermore, the analysis shows that Solana’s bullish wedge pattern is starting to form. The first level that Solana must break is $200 before a bullish rally can take place. However, there are some caveats in this optimistic setup.

The RSI indicator is yet to show a crossover into bullish territory and is currently at 48, suggesting that control is still in the hands of the bears. A convincing close above 50 would confirm Solana’s potential rally to $300. Meanwhile, the positive funding rate shows that there is a strong bullish tendency among traders.

Data from Santiment shows that Solana’s funding rate on Binance is at its highest level in two weeks, signaling a strong bullish bias.

A positive funding rate indicates that long-term buyers are paying short-term sellers to maintain their positions, indicating a greater bet for price increases.

Funding Level and Risk Implications

High funding levels can be a double-edged sword. Although currently showing bullish sentiment, if the current uptrend fails and funding levels remain high, this could have bearish implications on prices.

If traders decide to liquidate their long positions, the resulting selling pressure could halt the uptrend. However, if Solana manages to cross trend resistance and funding levels remain high, this could indicate the market’s strong belief in a rally towards $300.

This, along with a strong technical setup, suggests that Solana’s price increase to $300 may not only be possible, but also getting closer.

With a strong bullish flag pattern and a supportive MACD crossover, as well as funding levels indicating bullish market sentiment, Solana (SOL) is on the verge of a major breakout.

If all these indicators continue to show positive signals, the Solana price could very well reach and even exceed the $300 target.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference: