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Solana (SOL) Holds $89–$92 Support as Momentum and Spot Flow Data Signal Buyer Exhaustion
Solana has been in a consolidation phase since February 6, one that lasted approximately 98 days. This consolidation followed a significant downside move—a pattern worth examining closely, because a sharp drop followed by a prolonged consolidation often resembles a bearish flag formation. A bearish flag is a chart pattern where price drops sharply, stabilises within a narrow channel, and then breaks further downward to confirm continued selling pressure. Price did stage an upswing between May 9 and the time of writing, producing an upward breakout of the channel. That breakout alone, however, is not sufficient to ... (full story)
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