๐Ÿš€๐Ÿ“Š Solana Price Forms a Mega Bullish Pattern: $300 Next?

๐Ÿ“‰ Recent Price Movement
Solana (SOL) is currently trading at $191, down 27% from its year-to-date high of $264. Despite this correction, the weekly chart signals a potential bullish comeback in the coming days.

๐Ÿ“Š Technical Analysis: Bullish Patterns Emerging
The weekly chart shows a symmetrical triangle forming between March and November, leading to a breakout toward $264. The recent correction acted as a break-and-retest near the upper side of the triangleโ€”a bullish continuation signal.

Additionally, SOL seems to be forming a Cup and Handle (C&H) pattern, another bullish continuation sign. If SOL breaks above $265, the next key target could be $300. However, a drop below $160 might invalidate this bullish setup, potentially sending the price down to $100.

๐Ÿ’ผ Fundamental Strength Driving Growth
Solana's fundamentals remain strong. Its DEX ecosystem processed $126 billion in the last 30 days, surpassing Ethereum's $94 billion. Protocols like Raydium are outperforming major competitors like Uniswap in volume.

๐ŸŽจ NFT Market on Fire
Solanaโ€™s NFT sales surged 44% in 24 hours to reach $3.3 million, placing it third behind Ethereum and Bitcoin. This growth underscores rising activity and investor confidence in the Solana ecosystem.