NewsBTC
10 October 2025
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Solana Forms Bullish Cup and Handle Pattern, Targets $425

  • Solana (SOL) is forming a cup and handle pattern on the monthly chart, indicating a potential bullish breakout.
  • The 1.618 Fibonacci extension target is near $425, with the monthly MACD signaling a golden cross, suggesting a strong uptrend.
  • Speculation about Solana ETF approval is increasing, potentially driving a significant price rally if realized.

    • Solana Chart

  • After dipping below $200, SOL rebounded quickly, resulting in over 16% profit for long positions as buying pressure returned.
  • The next resistance level is at $250, with a successful break above it potentially leading to further gains.
  • Traders are advised to maintain long positions with a stop-loss at breakeven to protect against volatility while monitoring for the next upward move.

    • Solana