bullish

Solana

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<p>CryptosRus (@CryptosR_Us) has shared a bold price prediction on <a href="https://captainaltcoin.com/solana-bulls-charge-toward-260-can-sol-price-break-through/" target="_blank" rel="noopener noreferrer nofollow">Solana’s (SOL)</a> price trajectory. In a tweet, they reiterated their belief that Solana could hit $4,000 by the end of the current cycle, supported by a breakout from a Cup and Handle pattern.&nbsp;</p>
<p>Analyst TATrader_Alan’s accompanying chart shared by CryptosRus further speculates that Solana might reach $5,000. Can it though?</p>
<h2 class="wp-block-heading" id="strong-solana-s-cup-and-handle-breakout-explained-strong"><strong>Solana’s Cup and Handle Breakout Explained</strong></h2>
<p>The Cup and Handle pattern depicted in the shared chart highlights Solana’s bullish trajectory. The “Cup” phase, starting in mid-2022, marked a gradual accumulation period, with prices forming a rounded bottom.&nbsp;</p>
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<p>Moreover, this was followed by the “Handle,” a brief consolidation near $195, where Solana tested resistance before breaking out. The breakout above $195 confirmed the bullish trend, with the level now acting as support.&nbsp;</p>
<p>This critical resistance-turn-support shift has set the stage for further upward momentum. Key support levels evident during the formation include $145 and a range around $100-$110, indicating areas to watch if prices retrace.</p>
<h2 class="wp-block-heading" id="strong-price-targets-backed-by-chart-patterns-strong"><strong>Price Targets Backed by Chart Patterns</strong></h2>
<p>The Cup and Handle’s depth offers a price target of approximately $380, derived by adding the pattern’s depth ($185) to the breakout level of $195. However, the tweet’s mention of a potential $5,000 price relies on broader market sentiment and parabolic movement.&nbsp;</p>
<p>Intermediate targets of $400-$500 appear more achievable in the short to medium term, offering a steady climb before <a href="https://finbold.com/buy-before-it-soars-key-levels-to-watch-as-solana-sol-targets-new-highs/" target="_blank" rel="noopener noreferrer nofollow">attempting loftier goals</a>.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/uniswap-uni-price-shows-bullish-potential-after-recent-correction-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Uniswap (UNI) Price Shows Bullish Potential After Recent Correction – Here’s the Outlook</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-volume-and-momentum-indicators-strong"><strong>Volume and Momentum Indicators</strong></h2>
<p>Volume analysis highlights the breakout’s strength. Solana’s price surge post-breakout was accompanied by heightened trading volume, validating the bullish move. For the rally to continue, sustained volume expansion will be necessary.</p>
<p>The long-term trend remains positive, supported by Solana’s strong price action and the ongoing bullish sentiment. <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana is trading at $235.18</a> as at publication reflecting its resilience despite short-term swings.</p>
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<p>The post <a href="https://captainaltcoin.com/can-solana-sol-price-really-surge-beyond-4000-this-cycle/" rel="noopener noreferrer nofollow">Can Solana (SOL) Price Really Surge Beyond $4000 This Cycle?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Can Solana (SOL) Price Really Surge Beyond $4000 This Cycle?

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