Solana Breaks Out of Triangle Pattern, Targeting $300

Solana has successfully broken out of its prolonged ascending triangle pattern, sending bullish signals for potential price rallies. Charting expert Ali (@ali_charts) points to this breakout as a key indicator of continued upward momentum. Since April, Solana has displayed strong buying pressure with higher lows and resistance near $220, which now stands as a ceiling for the cryptocurrency. 8.99% increase in volume further solidifies market expectations. 8.22% rise in open interest and a surge in option trading activity suggest increased bullish sentiment and directional bets.