$SOL

Solana Forms Classic Cup and Handle Pattern as RSI and MACD Hint at Bullish Reversal

Solana (SOL) is forming a bullish cup and handle pattern near $150, suggesting a potential upward move toward $215, supported by technical indicators and rising network activity.

• Technical outlook: Although still in a bearish structure, SOL shows signs of recovery. The RSI is approaching oversold territory and the MACD indicates a possible bullish crossover. Key support lies at $145, with immediate resistance around the 20-day moving average and $153.

• Pattern analysis: The broader chart structure resembles a cup and handle, a bullish continuation pattern. Analysts see a high probability that the recent low was SOL’s bottom, with hidden bullish divergence on daily and 3-day charts.

• Network fundamentals: Solana’s NFT activity is surging, including an 181% rise in 24h trading volume and a major sale at 99.9 SOL. Its TVL has exceeded $8B, and it led all layer-1 networks in monthly app revenue with $214M in May 2025.

• Current price: Around $148.96. If support between $140–$145 holds, SOL may retest $160 and potentially reach $215.