- Solana forms a cup-and-handle pattern with breakout target near $46
- RSI near 60 signals strength without overbought pressure.
- Resistance at $200–$220 has flipped to strong support for SOL.
Solana’s price action is forming a classic cup-and-handle pattern—a bullish signal with a breakout target as high as $460. SOL is indicating good signs of accumulation after protecting key areas of support and turning back resistance to strength. Having RSI of approximately 60 and price of above 200, the setup gives better continuation. Breaking above 275 will create a break-out that will trigger a significant rally, with even higher Fibonacci levels within reach.
Cup-And-Handle Setup Puts $460 In Sight For Solana Price
According to the SOL weekly price chart, a textbook cup-and-handle shape has been forming since mid-2022. This formation has a strong connection with bullish continuation and the neckline at $275 is the immediate resistance.
A decisive move above this line could open the door to Fibonacci targets near $367 and eventually $460. With Solana current value standing at $210, SOL has displayed steady accumulation rather than sharp selling pressure.
RSI is close to 60, which can continue without flashing overbought extremes. This is in line with the Solana long-term price prospects, which indicate a high probability of appreciation.
With a closer examination, SOL price has been able to defend higher lows, which is normally the basis of extended rallies. Previous resistance around 200-220 that had limited gains is becoming a point of strength today.
On-chain volume is steadily supported on the level of 190, which indicates that the accumulation of buyers is slowly being regained. The $148 0.236 Fibonacci retracement is also a powerful pivot, which provides additional structural support below.
It becomes natural to target higher Fibonacci levels, such as $367 and $460, as long as Solana price can reverse $275 into support.Therefore, with technical conviction aligning, SOL price has carved out a bullish path that could soon unfold.
Read Also:
