🚨 $SOL ALERT: $1,000+ SETUP CONFIRMED 🚨
Solana's 1-Week chart has locked in a massive, long-term Cup & Handle pattern—a masterpiece of technical analysis that projects a monumental breakout towards four figures! 🚀
📈 Technical Breakdown
The structure is undeniable. The "Cup" formed during the bear market, and we are now in the "Handle" consolidation phase around the $204 level. This is a powerful continuation pattern.
Key Support: The strong diagonal trend line and the historic horizontal support zone around $89.77.
Target: If this pattern plays out, the measured move based on the Cup's depth is a colossal $1,125.53! 🤯
💡 Fundamental Strength
The network activity justifies this high valuation outlook. Solana is dominating with:
Explosive growth in DeFi and DePIN.
Industry-leading transaction speeds and low costs.
The upcoming Firedancer implementation promises exponential scalability, further fueling institutional confidence.
💰 Action Plan
My strategy remains simple: Maintain core long-term positions.
The current Handle consolidation is the optimal time for Dollar-Cost Averaging (DCA). We stay BULLISH as long as the primary diagonal support line holds.
Highly recommend HOLD and Stacking $SOL! 💎
What altcoin are you holding? Drop it in the comments and we'll check the chart for you! 👇$SOL