Alright team, let's break down this juicy $SOL chart and see what's cooking. The weekly perspective reveals a massive setup that could define the next phase of this bull run.
### Technical Analysis
We are witnessing a classic Cup and Handle Bullish Pattern forming over the long term. The 'Cup' phase is complete, and the price is currently forming the 'Handle', holding above the crucial long-term ascending trendline support. The key resistance/neckline to watch is the $188 region. A decisive weekly close above $188 would confirm the pattern breakout. The critical horizontal support for the handle structure sits near $90.
### Fundamental Strength
On the fundamental side, Solana continues to dominate retail interest thanks to its unparalleled speed and low transaction costs. The ecosystem is thriving, seeing significant adoption in decentralized finance (DeFi) and real-world asset tokenization (RWA). Developer activity remains robust, cementing $SOL's place as a primary layer-1 competitor.
### Strategy
This chart suggests we are currently in a high-accumulation zone. My strategy is to accumulate on dips toward the lower boundary of the handle, preparing for the confirmed breakout above $188. The long-term technical target for this massive structure sits between $1,125 and $1,400.
Highly recommend HOLD and Stacking $SOL at Binance.
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