Solana’s Bullish Trajectory: Cup and Handle Pattern Points Towards Breakout

Solana (SOL) is showing signs of a potential breakout, with its price breaking through the $4,500 barrier, suggesting an uptrend. The observed cup and handle pattern, a classic bullish continuation setup in traditional financial markets, fuels this optimism. 1-week charts reveal Solana forming a ‘cup’ during late 2021 and into 2024, with recent price movements pointing towards a breakout from the ‘handle’ area.