🚀🚀🚀🚀This is Solana's path to $5,000

Solana uses monthly cryptocurrency price activity. As he noted, Solana's price behavior over the previous several years certainly resembles a cup and handle pattern. This configuration spans the 2022 bad market, 2023 consolidation plus rebound, and 2024 bull market.

The cup section of the pattern emerged in 2022, 2023, and early 2024, when Solana first broke above the resistance trendline. Solana's up-and-down movement around $200 throughout much of 2024 established the handle pattern, which culminated in a breakout to a new all-time high of $263 in November.

The chart below shows that the cup and handle creation seems to be complete, thus the only thing remaining is to watch how much Solana rises. Martinez used the Fibonacci extension signal to estimate a price objective from the 2022 bear market bottom of $9.96. Around the 2.00 Fib extension level, the aim is anticipated to be $4,000.

Understanding The Cup And Handle: A Proven Bullish Formation
Classic technical signal the cup-and-handle pattern predicts bullish market action. A rounded “cup” denotes consolidation and recovery, followed by a narrower “handle” signifying a temporary consolidation before a breakout.


The cup-and-handle is the third most successful bullish pattern, with a 61% chance of reaching its goal, according to his study. The probabilities of this trend are significant given cryptocurrency' unpredictability.

Solana is now trading at $215, up 3% and 16% in the previous 24 hours and week. This price rise coincides with a 16% increase in Solana trading volume in 24 hours.

Solana would return 1,800% if it reached $4,000.

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