Sep 13, 2025
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Analyst Sets Bold $1,314 Target for Solana After Cup-And-Handle Breakout
Solana is exhibiting a potential bullish trend, identified through a "cup and handle" pattern by analyst Ali Martinez. This technical analysis pattern consists of a U-shaped "cup" followed by a downward "handle."
- Solana's price has recently broken out from the resistance line of this multi-year pattern, indicating possible continued upward momentum.
- The breakout occurred with an upward surge in July, suggesting sustained bullish movement could follow.
- A potential target for Solana's price, according to the Fibonacci Extension levels, is $1,314.41.
Over the past week, Solana's price surged over 17%, reaching $238, outperforming many top cryptocurrencies.
