According to my research and observations #Solana⁩ ($SOL ) is on track for significant gains: Will a cup and handle breakout take SOL to $4,500?

Since March 2024, Solana has been trading between $100 and $200. However, technical analysts have spotted a bullish pattern that could change the game. The classic cup and handle pattern is appearing on the charts, opening up a great opportunity for traders.

The cup and handle pattern is a reliable indicator of upside potential. When the price breaks a resistance level, known as the neckline, this creates an opportunity. For Solana, the neckline is located around $205. If SOL breaks above this level, the price target could rise sharply to $4,500 by 2025–2026, marking an impressive increase of over 2,000%.

However, before getting too excited, it is worth noting the probabilities. According to analyst Thomas Bulkowski, only about 61% of cup and handle patterns complete their expected targets. This means that despite the huge upside potential, there is no guarantee that Solana will reach $4,500.

The #altseason season after #halving also saw SOL’s bullish momentum fueled as investment attention shifted to altcoins. Although, cautious trading and risk management are not certain in this market.