4,000 $ Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern

Solana price could be preparing to hit a new ATH of $4,000, according to an analyst who pointed out its recent breakout from a massive Cup and Handle pattern. This bullish signal comes after recent gains in Solana (SOL) price, which have propelled it well above the $200 mark, indicating a strong move higher.

Solana Price Targets 4,000 $ Exit

A crypto analyst identified as 'CryptoRus' has shared a long-standing forecast suggesting that Solana could reach 4,000 $ by the end of the current market cycle. The analyst based this bullish outlook on a technical pattern called 'Cup and Handle'.

According to CryptoRus, Solana has just broken out of its Cup and Handle formation on its price chart. This unique chart pattern is considered a bullish signal and, in technical analysis, signals an extended uptrend.