đ¨ Solana Breakout Watch
$SOL is forming a textbook cup & handle pattern near $150 â a bullish continuation setup.
đ Whatâs happening:
⢠Strong support at $147â150
⢠Potential breakout range: $155â160
⢠Price reclaimed 50 EMA, breaking trendline resistance
đ Catalysts:
⢠REX Solana Staking ETF buzz
⢠Strengthening on-chain metrics
⢠Community sentiment 82.8% bullish
đŻ Targets:
⢠Short-term: $160â168
⢠Mid-range: $177â181
⢠Long-term: $200+ by mid-2025
â ď¸ Risks:
⢠$160 resistance
⢠Whale distribution
⢠Market cap drop (currently 6th)
Volume confirmation is key. Eyes on the $155â160 zone.