Solana Chart Hints at 180% Rally to $300 if Key Technical Trend Holds
- Solana price recently consolidated below the critical $180 resistance after closing above the 50-week EMA for three consecutive weeks in 2025.
- This followed SOL breaking past the 50-week and 100-week EMAs in late 2023, which historically triggered substantial rallies including a 515% surge by March 2024.
- Technical indicators show the weekly RSI at 52.60 indicating growing buying pressure, while Fibonacci extensions target a $300 level, representing a 70% increase from recent lows near $95.
- Futures data reveals $7.5 billion in open interest with negative funding rates, often signaling a tilt toward shorts and a possible short squeeze, while traders debate breakout catalysts near $180 resistance.
- If SOL maintains support above its key moving averages, it could retest $300 by late 2025, with further upside toward $418 possible if bullish momentum sustains.
9 Articles
9 Articles
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Solana chart hints at 180% rally to $300 if key technical trend holds - WorldNL Magazine
Key takeaways:Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300.Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making.Solana (SOL) price tested the $180 resistance level on May 11, but it has since consolidated below this key threshold and appears unable to establish a sustained bullish position. However, the altco…
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