Solana Breaks Through Resistance: Is $200 a Safe Haven?

Ethereum’s price action is creating a compelling chart pattern, aiming for resistance near $200. The weekly chart reveals a classic cup-and-handle formation, hinting at an impending breakout with significant momentum. After bouncing from the $135 level to reach $170.20 in the past 24 hours, Solana’s price has dropped slightly by 1.57%. While the technical structure remains intact, traders are cautiously optimistic due to increased institutional interest and a notable lack of selling pressure.