Solana Price Breaks Out of Cup and Handle, Traders See Big Move Ahead
- Solana broke out of a textbook cup-and-handle formation on the weekly chart.
- Strong on-chain growth, from stablecoins to developer activity, is backing the move.
- Sustained weekly closes above resistance could set up Solana’s next major rally.
Solana has been heating up again, and this time the chatter across X feels different. The price has been grinding higher, candles stacking green, and suddenly everyone’s looking at the charts thinking—maybe this is the start of something bigger.
Analyst Ali dropped a chart that’s been making the rounds, and it’s about as bullish as it gets. He points out Solana has just broken free from a classic cup-and-handle pattern on the weekly chart. That’s one of those rare continuation signals traders wait months, even years, to catch. The base alone has been forming for nearly two years—a slow, rounded bottom—followed by a tight little handle that just snapped to the upside.
This isn’t some random squiggle either. Cup-and-handle breakouts usually mark shifts in long-term momentum, the kind that pull coins out of endless sideways chop into real uptrends. Weekly volumes are rising, and that clean breakout above resistance says buyers aren’t just testing the waters—they’re stepping in with conviction.
What’s Fueling Solana’s Push
It’s not just the charts that look good. Under the hood, Solana’s been gaining serious traction. Transaction counts are through the roof, developer activity hasn’t slowed, and stablecoin growth on the network has actually been outrunning Ethereum’s in percentage terms. New DeFi protocols, NFT projects, and payment apps keep showing up, adding fuel to the fire.
On-chain data matches the mood: liquidity flows climbing, network fees staying steady, and adoption metrics edging higher every month. Analysts are saying it’s rare to see technicals and fundamentals syncing this neatly. It’s not just another short-lived pump—there’s a foundation under this one.
Can Solana Hold the Breakout?
That’s the real test now. The next few weekly closes are critical. To lock this move in, Solana needs to keep printing candles above that old resistance band. A sudden rejection could send it tumbling back into the range, but so far, the market’s showing confidence.
Sentiment’s leaning bullish across the board. Altcoin season’s bubbling in the background while Bitcoin drifts sideways, which tends to give coins like Solana more room to run. Traders chasing strong setups have Solana at the top of their watchlists.
If this momentum doesn’t fizzle, SOL might just be gearing up for its strongest rally in years. With technicals pointing north, fundamentals lining up, and hype spreading fast, the spark for a full-blown bull run might already be lit.
The post Solana Price Breaks Out of Cup and Handle, Traders See Big Move Ahead first appeared on BlockNews.
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Solana Price Breaks Out of Cup and Handle, Traders See Big Move Ahead
- Solana broke out of a textbook cup-and-handle formation on the weekly chart.
- Strong on-chain growth, from stablecoins to developer activity, is backing the move.
- Sustained weekly closes above resistance could set up Solana’s next major rally.
Solana has been heating up again, and this time the chatter across X feels different. The price has been grinding higher, candles stacking green, and suddenly everyone’s looking at the charts thinking—maybe this is the start of something bigger.
Analyst Ali dropped a chart that’s been making the rounds, and it’s about as bullish as it gets. He points out Solana has just broken free from a classic cup-and-handle pattern on the weekly chart. That’s one of those rare continuation signals traders wait months, even years, to catch. The base alone has been forming for nearly two years—a slow, rounded bottom—followed by a tight little handle that just snapped to the upside.
This isn’t some random squiggle either. Cup-and-handle breakouts usually mark shifts in long-term momentum, the kind that pull coins out of endless sideways chop into real uptrends. Weekly volumes are rising, and that clean breakout above resistance says buyers aren’t just testing the waters—they’re stepping in with conviction.
What’s Fueling Solana’s Push
It’s not just the charts that look good. Under the hood, Solana’s been gaining serious traction. Transaction counts are through the roof, developer activity hasn’t slowed, and stablecoin growth on the network has actually been outrunning Ethereum’s in percentage terms. New DeFi protocols, NFT projects, and payment apps keep showing up, adding fuel to the fire.
On-chain data matches the mood: liquidity flows climbing, network fees staying steady, and adoption metrics edging higher every month. Analysts are saying it’s rare to see technicals and fundamentals syncing this neatly. It’s not just another short-lived pump—there’s a foundation under this one.
Can Solana Hold the Breakout?
That’s the real test now. The next few weekly closes are critical. To lock this move in, Solana needs to keep printing candles above that old resistance band. A sudden rejection could send it tumbling back into the range, but so far, the market’s showing confidence.
Sentiment’s leaning bullish across the board. Altcoin season’s bubbling in the background while Bitcoin drifts sideways, which tends to give coins like Solana more room to run. Traders chasing strong setups have Solana at the top of their watchlists.
If this momentum doesn’t fizzle, SOL might just be gearing up for its strongest rally in years. With technicals pointing north, fundamentals lining up, and hype spreading fast, the spark for a full-blown bull run might already be lit.
The post Solana Price Breaks Out of Cup and Handle, Traders See Big Move Ahead first appeared on BlockNews.
Read More