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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.
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Coingape broke the news in on Wednesday, May 28, 2025.
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