bullish

Solana

Impact

USDe

<ul class="wp-block-list news-points">
 <li><strong>Solana’s Cup &amp; Handle pattern suggests a possible parabolic move to $370.</strong></li>
 <li><strong>The Ethena community proposes integrating Solana into its USDe backing strategy.</strong></li>
 <li><strong>SOL holds $2 billion in open interest across major exchanges.</strong></li>
</ul>
<p>Solana’s native token, SOL, appears poised for a significant price jump, with a potential target of $370, according to a massive Cup &amp; Handle pattern forming on the technical chart.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a> could go parabolic starting today! <a href="https://twitter.com/hashtag/Sol?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Sol</a> is breaking out of this MASSIVE Cup&amp;Handle pattern with the potential target of $370 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/qp31pbtJvS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/qp31pbtJvS</a></p>— The Moon (@TheMoonCarl) <a href="https://twitter.com/TheMoonCarl/status/1848276853926064396?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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</figure>
<p>In the 1-day chart shared by a market analyst, the altcoin forms a bullish Cup &amp; Handle pattern, indicating a potential parabolic surge. Breaking above the upper boundary of this pattern could trigger a significant price rally for Solana, driving SOL to a $370 price target. Market analysts believe Solana bulls may see massive gains if this bullish momentum continues.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-impact-on-solana-s-price">Bitcoin’s Impact on Solana’s Price</h2>
<p>While this prediction is optimistic for SOL, another market observer, Dan John, cautioned that the outcome hinges on broader market conditions. If Bitcoin (BTC…</p>
<p>The post <a href="https://coinedition.com/solana-sol-price-prediction-cup-handle-pattern-points-to-massive-surge/" rel="noopener noreferrer nofollow">Solana (SOL) Price Prediction: Cup &amp; Handle Pattern Points to Massive Surge</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Solana (SOL) Price Prediction: Cup & Handle Pattern Points to Massive Surge

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