Solana (SOL) has faced a 15.3% decline recently, paralleling Bitcoin and Ethereum. Nevertheless, analyst Jelle suggests the recent drop has formed a bullish flag pattern that could lead to a recovery towards 300 USD, boosted by confirmed support levels.
The Federal Reserve’s interest rate cuts may enhance market liquidity, positively impacting assets like SOL. With a history of 70% success for bullish patterns, there’s Optimism about Solana potentially reaching all-time highs by year’s end, aided by upcoming market developments.