A rare technical formation is building on the weekly chart that could send Solana to much higher prices.
Solana’s breakout point near $210 is seen as a make-or-break level for a long-term price explosion.
Market watchers expect major upside potential if volume surges while the $210 resistance line is being tested.
A recent technical chart shared by Ali (@ali_charts) on May 23, 2025, suggests Solana (SOL) may be on the verge of a major breakout. The chart shows a classic “cup and handle” pattern, indicating the potential for a parabolic rally. Currently, SOL trades at $186.05, reflecting a 7.33% daily gain, according to TradingView data.
Source: X
The chart illustrates a long-term cup formation spanning back to early 2022, with the handle forming in 2025. The price is testing a critical resistance near $210, with momentum building as the pattern nears completion. A breakout from this level could launch SOL into a new bullish phase, with projections reaching well beyond the $1,250 mark.
Crypto traders and analysts are watching closely, citing the strong technical setup as a rare signal. If the handle resistance is breached, price targets point to significant upside. The formation is historically known for predicting upward moves, especially when confirmed by volume and price strength.
Technical Setup Points Toward Potential Rally
Ali’s chart outlines a textbook example of the bullish “cup and handle” pattern. The rounded base spans two years, starting from 2022 and curving upwards into 2024. This pattern often signifies a shift from a downtrend to long-term bullish momentum.
The handle’s descending channel forms as a consolidation phase. Solana has already begun to challenge the handle’s upper boundary, with breakout signs becoming visible. A breakout above this range would confirm the pattern and typically result in a sharp move higher.
If the breakout holds above the $210 level, technical projections suggest an exponential rally. Ali’s vertical arrow annotation on the chart targets a possible surge beyond $1,250. Traders are now monitoring the next few candles for confirmation.
Investor Sentiment and Historical Patterns Align
The “cup and handle” pattern has long been favored by market technicians for its predictive accuracy. A historical inset on the chart shows a smaller-scale version of the same pattern, which led to a steep upward climb. That past move saw SOL leap from $28 to over $45 within weeks.
Investor response to Ali’s post has been energetic. More than 22,000 users engaged with the tweet within hours of its posting. Comments suggest traders are preparing for a possible breakout move and increased market activity.
With bullish sentiment increasing, volume could become the key catalyst. A strong breakout needs heavy buying pressure to avoid a false move. If volume surges as SOL breaks $210, a move toward the $710, $950, and even $1,250 levels becomes more likely.
Could Solana Be Set for Its Next Parabolic Surge?
With Solana hovering near resistance, the question remains: Will this technical breakout lead to another explosive rally? A confirmed breakout above $210 could change the momentum dynamics for SOL over the next quarter.
Market behavior in similar scenarios shows patterns like this often trigger renewed interest from institutional and retail investors alike. Ali encourages users not to wait for confirmation, urging them to trade via a partner platform linked in the tweet.
The broader crypto market could also impact Solana’s next move. Correlations with Bitcoin and Ethereum trends may act as accelerators or brakes. Traders now await volume confirmation and price behavior near the breakout line to make their moves.
