Solana's valuation hits $3 billion as SOL price defends key support #solana

In the last 24 hours alone, Solana recorded a trading volume of nearly $3 billion, reflecting increased volatility in the market.

Solana awaits a big move. Solana (SOL) may be about to make a big move as it forms a perfect cup and handle pattern.

"Looking deeper into the picture, Solana appears to be forming a perfect cup and handle pattern," crypto analyst Ali noted in a recent post on the platform, sharing a screenshot of the weekly SOL/USDT chart. The cup and handle pattern resembles a teacup, with a rounded bottom (the cup) followed by a slight bearish consolidation (the "handle").

This classic technical setup is often seen as a bullish continuation pattern, leading to strong upward momentum if validated.

With technical signals aligned and strong interest in the Solana ecosystem, traders and investors are keeping a close eye on SOL's next move $SOL 🔥👌🚀📉👌