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Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week By Cointelegraph

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Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week

Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders’ confidence.

The exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend that began after it topped out near $221.38 on Sept 9. SOL has seen a 40% drop in price since Sept 9, when it reached its highest point. However, its value has more than tripled over the last 30 days.

SOL/USD 4-hour chart showing bull flag pattern. Source: TradingView