Solana’s Rise Defies Technical Signals: Could a Breakout Push Prices Above $300?

Despite a bearish wedge pattern indicating potential price correction, Solana is defying market expectations. Traders are closely watching the price action for a breakout above the $222 level, which could signal bullish momentum leading to a surge toward $300. 20-day EMA support and increased interest in Decentralized Autonomous Trusts (DATs) and ETFs are bolstering optimism for Solana’s future.