【Breaking the Sky!】Solana is about to soar: Three major highlights igniting a $300 rally?

Solana is once again capturing everyone's attention, surging nearly 9% in just 24 hours, with market enthusiasm skyrocketing, and both on-chain data and technical patterns releasing super bullish signals. SOL may be on the verge of hitting the critical point of $300!

1. Classic Technical Pattern Eruption

SOL is forming a 'cup and handle' pattern — a rare but strong bullish signal that usually indicates a powerful price breakout.

The current key resistance level is at $170; once broken, it will open the door to the historical high of $294. After the breakout, bulls may set their sights on $300, $400, or even $500.

2. On-Chain Data in Full Swing

The Solana network is leading the entire chain in activity this week:

21.75 million active addresses

415 million on-chain transactions

This means user participation is explosively increasing, and the activity of on-chain applications and ecosystems is rapidly rising, propelling SOL to become a hot investment target.

3. Derivatives Market is Bullish Across the Board

In the past few hours, buy orders have overwhelmingly outpaced sell orders, with a long-short ratio of 1.05, indicating that buyers are the dominant force in the market.

The open interest in futures has reached $6.19 billion

Options trading volume has surged by 548%

Total trading volume has skyrocketed to over $19 billion

The synchronized surge in the futures and options markets suggests that large funds are quietly increasing their positions, betting on the next wave of SOL's big rally.

Summary

Solana is on the brink of an explosion, with the interplay of technical factors, on-chain activity, and the flow of funds in derivatives laying a solid foundation for breaking through $170 and challenging $300 or even higher.

If the current trend continues, SOL may become the leading pioneer in the next bull market.