Solana Breakout: Cup & Handle Pattern Dey Aim $3,500
Solana recent multi-year cup and handle pattern for di two-month chart dey show say breakout go happen wey go push am pass di $215 neckline. If SOL close pass dis crucial resistance, analysts dey project say price go reach $3,500 based on how deep di cup side be. On-chain data back dis scheme: new Solana addresses don surge by 51% since early August, while wallet wey hold over 10,000 SOL don reach record 5,224, showing say di whales dey accumulate strong. Market metrics dey back di momentum, with 24-hour trading volume of $4.13 billion and market cap pass $103 billion. Technical indicators still dey supportive: RSI dey 60 and MACD trend dey positive, meaning say space dey for more upside. Traders suppose watch make sure say di candle close above $215 for di bimonthly chart to confirm di breakout and activate di $3,500 target. To validate di Solana breakout and assess risk management levels, ongoing monitoring of SOL price, trading volume, on-chain data, and whale activity na necessary.
Bullish
Di way dem form one cup and handle pattern wey don last for plenty years for Solana two-month chart, plus strong on-chain growth and how whales dem dey gather, e show say breakout wey go push price higher fit happen. For history, when breakout clear pass strong resistance levels — especially for charts wey get higher timeframe — e dey usually lead to fast price rally. The 51% rise for new addresses plus record whales wey get over 10,000 SOL reflect di accumulation stages wey happen before Solana big price increase for 2021. Plus, strong trading volume ($4.13 billion) and market cap strength dey boost investor confidence. With technical signs like RSI at 60 and positive MACD, still get room for more upward momentum. For short time, traders go dey watch for solid close pass $215 neckline to trigger $3,500 target, wey fit cause FOMO buying plus more volume rise. For long term, if SOL fit hold above key support levels after breakout, e fit form new bullish trend wey go attract both retail and institutional capital. Dis setup favour bullish trading view with clear entry and stop-loss settings.