Solana’s Cup and Handle Suggests a Strong Price Break Out

Analysis of Solana’s weekly chart reveals a classic cup and handle pattern. This pattern is characterized by a period of consolidation followed by a breakout to new highs, with resistance near $150 acting as a critical hurdle. A/D line stability and a slight upward bias signal long-term holders are quietly accumulating during Solana’s current price consolidation phase. The Stochastic RSI crossover from oversold territory further underscores the bullish momentum building. This confluence suggests an impending breakout for Solana.