Solana (SOL) is showing a classic Cup and Handle pattern on the weekly chart—a textbook bullish signal in the world of technical analysis. Here's why this breakout could lead to a significant price rally:
📊 Key Highlights:
1️⃣ A well-defined Cup and Handle (black) has formed over time, signaling a potential uptrend.
2️⃣ The price has broken out of the "Handle," confirming a bullish trajectory.
3️⃣ The projected target? $412—calculated as the depth of the "Cup" added to the breakout point.
📈 With the current price hovering around $230, this pattern indicates a promising potential for upward movement.
⚠️ Note: Always perform your own research (DYOR) and manage risk wisely when trading or investing in crypto.
I am working on #ADA What are your thoughts on SOL's next move? Let’s discuss below! 🧵👇
