Key Takeaways:
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Sol prices have risen to a five -month high, driven by strong technicals and increasing network activity.
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Solana’s Cup-and-hand pattern targets a sol price of as high as $ 6,300.
Solana’s (Sol) The price rallied at 34% in the last 30 days, reaching a five -month -old $ 193 on Monday.
Solana is 35% below all times high at $ 295, and many analysts believe that the sixth largest cryptocurrency will enter price discovery soon.
Solana targets $ 6,000 after bullish breakout
Sol prices have increased by more than 2,400% from the establishment of a cycle low around $ 10 in November 2022. In doing so, its price painted a cup pattern-and handle in many time frames.
Related: Sol News Update: The Multi-Exchange Liquid Staking Trigger Rally up to $ 185?
Crypto investor Robert Mercer shared A chart showing Sol looking for a breakout from a cup-and-handle pattern, which signed a massive upward move once it was confirmed.
A “Textbook cup-and-handled in $ Sol,” Mister Crypto said of Solana’s weekly chart, Adding:
“I’m bullish here.”
Famous Crypto Analyst businessman Tardigrade said Solana’s price was also formed by a cup-and-hold pattern on the two-month chart for a four-year period, targeting $ 4,800.
“The breakout of the handle is near.”
#Solana Up to $ 4,800 🔥
Within a few years, this long -term investment may result in significant income.
A cup pattern and handle developed more than 4 years on the macro 2-month chart.
The breakout of the handle is near.$ Sol/M2 pic.twitter.com/p3hs3jzdd6– Trader Tardigrade (@tatrader_alan) July 21, 2025
The monthly chart shows that the price is damaged above the cup handle at $ 155. The pattern is resolved once the price is broken above the neckline resistance to $ 250. If this happens, the price may increase by the greater number of maximum distance between the cup and neckline trough.
That puts SOL’s target cup-and-handle breakout for 2025–2026 around $ 6,300, up to more than 3,000% from current price levels.
However, it is important to note that a cup-and-handle does not always guarantee the full reversal move. A Study By veteran analyst Thomas Bulkowski found that only 61% of these setups reached their upper targets.
High Network activity supports SOL price rally
Strong onchain measurement, indicating an active ecosystem, supports Sol’s potential to lay a parabolic rally over the next few weeks.
Daily -active addresses rose 9% in the past 24 hours, reflecting the user’s stable interaction. While the number of sun -day transactions continued to increase parabolic from 2024, each data from Nansen.
Solana’s Total amount that is locked (TVL) also rose to a six -month high of $ 10.3 billion on Monday from $ 6.1 billion on April 8, an increase of more than 63% to 15 weeks, according to Defillma.
Solana boasts its position as the second largest blockchain in terms of TVL with a market dominance of 6.28%, behind Ethereum, almost ten times larger, made up of 68%.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
