$SOL Targets $400 After Cup-and-Handle Breakout

Solana (SOL) hit a new yearly high of $248.44 on Nov. 18, just 8% below its all-time high (ATH) of $260. Analysts highlight a bullish cup-and-handle pattern on the monthly chart, with potential for a surge to $400 after breaking its ATH.

On-chain metrics are equally strong. Solana’s DEX volume hit a record $41.2 billion last week, doubling previous highs and surpassing networks like Ethereum and BNB Chain. Solana now holds 48% of the total DEX market share, signaling robust ecosystem growth.

With flipped resistance, positive buy volumes, and strong fundamentals, Solana’s next move could be explosive

Price discovery incoming?

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