Solana (SOL) may experience a 63% rally as technical indicators point to a potential breakout. Analyst TradingShot highlights that SOL has been in a rising channel since June and is currently retracing to its 50-day moving average, mirroring a previous bullish pattern. If this trend continues, SOL's price could reach $310. Despite the positive technical outlook, traders should exercise caution due to the upcoming unlock of 502,930 SOL, valued at approximately $115.9 million, which could impact market dynamics. Currently, SOL is trading at $223, having declined nearly 7% in the last 24 hours.