Solana (SOL) Formed a Bullish Flag Pattern on the 4-hour Chart, Confirmed Between May 13 and May 19, 2025

A bullish flag appears after a sharp upward move, followed by downward-sloping consolidation within parallel lines, often signaling continued upward momentum.

May 13 - As reported by CoinChapter, Solana (SOL) formed a bullish flag pattern on the 4-hour chart, confirmed between May 13 and May 19. A bullish flag appears after a sharp upward move, followed by downward-sloping consolidation within parallel lines, usually signaling continued upward momentum.

The price broke out from the flag on May 21, jumping nearly 10%, but then pulled back 5% to retest support. This support level was at the 50-period Exponential Moving Average (EMA) near $173.13.

As of May 24, SOL traded at $177.28, still holding above the EMA and within the breakout zone. The Relative Strength Index (RSI) stood at 59.76, still in bullish territory but showing a slight decline in momentum.

If the bullish flag confirms with strong continuation, SOL could climb 24% from the current price and hit the projected target of $220.01.

The price structure, volume support, and sustained trading above the EMA suggest the bullish outlook remains intact. However, if SOL closes back inside the flag zone, it could indicate a reversal of the breakout.

Kalshi Adds Solana Deposits, Expanding SOL Utility And Liquidity

Meanwhile, on May 23, Kalshi, the U.S.-regulated prediction platform, announced the addition of Solana (SOL) deposits. The platform, previously accepting Bitcoin, USD Coin (USDC), and Worldcoin, has now integrated the Solana token.

This update allows users to fund their Kalshi accounts directly with SOL, eliminating the need for conversion into stablecoins. The move opens up Kalshi’s prediction markets to Solana token holders, who can now engage in market activity using their native tokens.

This integration is significant as it boosts token circulation across wallets and Kalshi, potentially increasing on-chain demand for SOL.

Solana’s on-chain activity has largely revolved around decentralized exchange (DEX) trading and, more recently, meme coin speculation. In May 2025, meme coins accounted for nearly 65% of the network’s trading volume, with daily DEX turnover peaking above $45 billion.

Kalshi introduces a new use case with event-based predictions, allowing users to stake SOL on various topics. These range from macroeconomic events like U.S. inflation to entertainment occurrences like a GTA 6 release.

As a result, SOL may see broader utility beyond the decentralized finance (DeFi) applications that are typically associated with the blockchain. The funds locked in these event contracts will gradually return to the Solana ecosystem, aiding in improving market depth and liquidity.

Kalshi’s integration of SOL also uses Zero Hash to convert deposits into U.S. dollars automatically. This setup minimizes settlement friction and appeals to crypto-native traders who prioritize rapid execution and low fees.

Moreover, the move may enhance Kalshi’s visibility. The platform recorded $1.97 billion in trading volume in 2024, a significant increase from the $183 million reported the previous year. It now serves users in over 40 U.S. states and has launched a mini-app for Worldcoin users.

Solana’s presence on Kalshi complements its existing role on Polymarket, a decentralized prediction platform that also utilizes the Solana blockchain. The dual listing could serve as a bridge, connecting crypto-native and regulated markets and expanding liquidity channels.

Solana Wants To ‘Make Everyone An Investor,’ Says Foundation’s nCMO

Akshay BD, the non-chief marketing officer (nCMO) at the Solana Foundation, discussed how blockchain could be used to rectify crucial problems within today’s financial system.

Speaking at the Accelerate 2025 conference, he asserted that Solana’s technology could empower “everyone to become an investor or a dreamer over time.”

Akshay argued that the current financial system largely fails to serve the interests of the majority. He highlighted a growing concern among investment managers and clients.

“You have low bond yields, asset bubbles, and confusion about how traditional portfolios work,” he said.

“The 60-40 model hasn’t worked for a long time.”

According to him, the gap between wage income and asset ownership keeps widening. Most retail investors lack access to private markets, which are usually reserved for accredited investors. Consequently, public markets often experience overheating due to limited investment alternatives.

Tokenization Could Close Gaps In Ownership

Akshay introduced the concept of “universal basic ownership.” Instead of relying on government programs like universal basic income, he suggested using blockchain to provide everyone with the opportunity to own assets.

“If you have a mobile phone, you should be able to own something,” he said.

He explained that tokenization would allow people to invest in energy firms