Date: 2025-05-28
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 altcoin has maintained a positive signal by closing above the 50-week exponential moving average (EMA) for three consecutive weeks. This critical level has historically acted as a catalyst for significant price rallies.Solana 1-week chart. Source: Cointelegraph/TradingViewIn late 2023, SOL broke through t...
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