$SOL

🚨 SOL Analysis: C&H Pattern Signals More Gains 🚨

The chart above provides a clearer Solana price prediction. It shows that the coin has been forming a cup and handle pattern since at least 2021.

The upper side of this cup was at $261, its highest point in 2021. It briefly rose above that level this year, in what seems to be a false breakout. The recent pullback has formed the handle section of this pattern.

Solana’s Cup & Handle is about 98% deep, and measuring the same distance from the upper side points to more gains to over $500 in the long term.

Furthermore, the Solana price also formed a megaphone pattern, comprising two ascending and diverging trendlines. Therefore, the coin is likely to continue rising, with the initial target to watch being the psychological $200 level.

A drop below $95.55, the lowest swing this month, will cancel the bullish outlook and signal that there are still more sellers keen on pushing it lower.

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