$SOL

Solana (Sol) is drawing attention to its chart as a rare cup-and-handle pattern forms, pointing to a possible breakout towards $ 240. The "cup" shows a long consolidation phase with a round bottom, followed by "handle" - a short pulsback before a possible growth.

Under the leadership of bitcoin's strength, Crypto is supporting Altcoins like Sol, a feeling of boom in the market. The increase in the ecosystem of Solana, from DEFI to NFT, is combining its reverse capacity, with increasing institutional interests. A confirmed breakout over the resistance of the handle may trigger strong purchases speed, especially if the network is combined with upgrade or major partnership.

However, the risk remains - regulator may limit uncertainty, fierce competition from other blockchain, and market volatility benefits. While the target of $ 240 is possible, traders should look closely at the breakout, monitor major development, and manage the risk in this unexpected market.