The price of Solana (SOL) has returned to the spotlight after forming a "Cup and Handle" pattern on long-term charts – this is a technical pattern considered one of the strongest bullish signals. According to the analyses, if the breakout is confirmed, the price could reach 6,300 dollars… which means an increase of 3000% from current prices! $SOL

Strong technical signals for a massive launch

Solana is currently trading near 195 dollars, after rising more than 34% over the month. Analysts have spotted a Cup and Handle pattern on the weekly and monthly frames, which often ends with a strong breakout if confirmed.

Analyst "Tardigrade" sees that the pattern has formed over 4 years, which means there is a very solid technical foundation. He expects a target at 4,800 dollars, while analysts like "Robert Mercer" and "Mister Crypto" are targeting levels close to 6,300 dollars.

The true breakout of the pattern will occur if the price can surpass the resistance level at 250 dollars.


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Why are analysts optimistic right now?

  • Total Value Locked (TVL)on the Solana network has reached over 10.3 billion dollars, compared to 6 billion at the beginning of the year.

  • Daily user activityhas clearly increased, with a rise in the number of active addresses and transactions.

  • Optimism around ETFExclusive to Solana, with financial flows exceeding 92 million dollars.

  • Technical IndicatorsIndicators like MACD, MFI, and Parabolic SAR are all giving positive signals.

Expected price targets

Some analysts see medium-term targets at:

  • 218$

  • 295$

  • 416$

And there are bold predictions targeting levels:

  • 787$

  • 1,314$

  • 2,744$

  • And up to 4,390$ in the strongest estimates!

But so far, no one except Cointelegraph has explicitly mentioned the target of 6,300$.

Is the rise supported by real activity?

Yeah, and this is what makes the rise more convincing:

  • The number of active addresses increased by 9% over 24 hours.

  • The number of daily transactions continues to grow.

  • Solana now holds 6.28% of the entire DeFi market, behind Ethereum only.

Can we really reach 6000$?

From a technical standpoint: it’s possible, but not guaranteed. This classic pattern (Cup and Handle) achieves its target 61% of the time, according to analyses by "Thomas Bulkowski". So there is optimism, but with caution.

What are the risks?

  • High volatility in the crypto market.

  • Correlation with Bitcoin and Ethereum movements.

  • Any halt in the growth of usage or trustin the Solana network could negatively impact it.

In summary:

Solana is currently in a very exciting position to follow. At 195$, the price is still below the previous peak (295$), and it's an entry opportunity for those who believe in technical analysis and are targeting long-term goals. But we need to monitor the most important level currently: 250$ – this is the key to true breakout!

Q: What is the price target for Solana based on the cup and handle pattern?
A: About 6,300 dollars.

Q: What factors support this rise?
A: Rising TVL, increasing users, positive technical indicators, and optimism regarding ETF.