The price of Solana (SOL) is on everyone's lips, and rightly so. In the last 30 days, this cryptocurrency has surged by 34%, reaching $193! 🤯 This is the highest it has been in the last five months, and although it is still 35% below its all-time high of $295, analysts are bursting with excitement. Why so much euphoria? Well, the key to the news is a chart pattern known as "cup and handle." ☕
Imagine this: the price of SOL has been forming a shape on its chart that looks like a cup with a small handle at the end.
Since it hit a low of $10 in November 2022, Solana has soared over 2,400%! And now, with this pronounced "cup and handle" pattern, experts like Robert Mercer and Trader Tardigrade are seeing brutal growth potential.
If Solana manages to break the resistance of $250, the most ambitious prediction points to a price of up to $6,300 for 2025-2026. That would be an increase of more than 3,000% from current levels! 🚀
But be careful, not everything is rosy and guaranteed profits. The crux of the matter is that these types of chart patterns do not always achieve their targets. A study by Thomas Bulkowski, an old-school analyst, revealed that only 61% of these formations reach their maximum goals. So, while enthusiasm is high, caution is also necessary. 🤔
In addition to technical analysis, there’s another fact that changes everything: the activity on the Solana network is on fire. 🔥 Daily active addresses have risen 9% in 24 hours,
and the number of daily transactions has been continuously growing since early 2024. This means that people are using the Solana network like never before. And if we add to that the Total Value Locked (TVL) in Solana reaching a six-month high of $10.3 billion (a 63% increase in 15 weeks), things are getting serious. Solana is the second largest blockchain in TVL, just behind Ethereum, showing that its ecosystem is more alive than ever. 🌐
So, are we facing the next big crypto boom or is it just a bubble of optimism? The truth is that the numbers and the activity of the Solana network paint a promising picture, but in this volatile world, doing your own research is your best ally.
Do you think Solana has the potential to reach those stratospheric figures, or is it too risky a move? Share your opinion! 👇$SOL $ETH
