Solana Chart Suggests 180% Rally to $300 – Technical Signals Point Toward Breakout Potential

Recent technical analysis of Solana (SOL) hints at a significant price surge that could propel the altcoin to new heights. Historical chart patterns, particularly Fibonacci retracement and sustained buying activity above the 50-week EMA, suggest a potential rally towards $300 by late 2025. This bullish signal is reinforced by high open interest in SOL futures (around $7.5 billion) and negative funding rates indicating a market tilt toward short positions. 86% of open interest is currently held by institutions as opposed to retail traders.