- Solana shows bullish signs with a potential breakout from a cup and handle pattern signaling a possible major surge.
- Analysts note SOL testing support near $218 after a recent correction, maintaining the market for the next rally.
- If key support holds, SOL could target the $240–$253 range, continuing the recent upward trend.
Solana (SOL) is showing strong bullish indications as the analysts refer to a potential breakout through a cup and handle pattern. In affirmation, this formation can indicate the beginning of a gigantic bull run, potentially driving SOL towards significantly bigger price levels.
At press time, Solana (SOL) is trading at $221.36, marking a 24-hour trade volume of $24.15 billion and a market cap of $121.01 billion. SOL’s price has noted a minor drop of 4.2% over the last 24 hours, marking a short breather after the recent spectacular show.
Solana Breakout Signals Potential Major Surge
Popular crypto analyst Ali Martinez observed that Solana is seen breaking out of a “cup and handle” pattern, a bullish chart formation commonly appearing just before significant price upticks. According to Martinez, if this breakout materializes, the setup is likely to push SOL’s price towards the $1,300 zone, a goal that has attracted the attention of the broader crypto circle.
Solana Holds Support Before Next Rally
Adding to the analysis, another analyst, BitGuru, noted that SOL is testing new levels following a healthy correction near the support zone around $218 after a spectacular upsurge earlier in the week. Such a correction, as noted by BitGuru, keeps the market in check and can be followed by the next bull run.
If SOL maintains above key support levels, the next bull target would be somewhere between $240 and $253, representing a possible continuation of the uptrend that has characterized recent price action.
Market sentiment is generally positive as investors await the imprimatur of the breakout that will provide the template for Solana’s next significant bull run.
Also Read | Solana (SOL) Price Eyes $600 Target Following $530M Treasury Investment
Solana Faces Mild Pullback Amid Mixed Momentum
Solana’s weekly chart shows RSI at 58.36, retaining slightly above the middle ground, which is bullishly oriented but with weakening momentum. MA Ribbon indicates major supports at $185.88, $183.58, and $159.25, meaning SOL still maintains a stance above key averages.
MACD lines show a defensive tone, with the blue line at 16.71 just above the signal line at 11.80, suggesting fading purchasing pressure. Histogram still indicates light green bars, but these are becoming flat, showing dwindling momentum. Should the crossover become bearish, SOL can go back down to lower support areas before recovering.
Also Read | Solana (SOL) Price Prediction for October 2025: Can Bulls Push It Higher?
