Key takeaways:
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SOL worth has climbed to a five-month excessive, pushed by robust technicals and rising community exercise.
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Solana’s cup-and-handle sample targets a SOL worth of as excessive as $6,300.
Solana’s (SOL) worth rallied 34% over the past 30 days, reaching a five-month excessive of $193 on Monday.
Solana is 35% under its all-time excessive at $295, and a number of analysts consider that the sixth-largest cryptocurrency will enter worth discovery quickly.
Solana targets $6,000 after bullish breakout
SOL worth has already risen by over 2,400% since establishing a cycle low of round $10 in November 2022. In doing so, its worth has painted a cup-and-handle sample on a number of time frames.
Associated: SOL news update: Will multi-exchange liquid staking trigger rally to $185?
Crypto investor Robert Mercer shared a chart exhibiting SOL looking for a breakout from a cup-and-handle sample, signaling a large upward transfer as soon as it’s confirmed.
A “textbook cup-and-handle on $SOL,” Mister Crypto mentioned about Solana’s weekly chart, adding:
“I’m bullish right here.”
In style crypto analyst Dealer Tardigrade mentioned Solana’s worth has additionally shaped a cup-and-handle sample on the two-month chart over a four-year interval, focusing on $4,800.
“The breakout of the deal with is imminent.”
#Solana will attain $4,800 🔥
In just a few years, this long-term funding may yield important earnings.
A cup and deal with sample has developed over 4 years on the macro 2-month chart.
The breakout of the deal with is imminent.$SOL/M2 pic.twitter.com/P3Hs3Jzdd6— Dealer Tardigrade (@TATrader_Alan) July 21, 2025
The month-to-month chart reveals that the value had damaged above the cup’s deal with at $155. The sample will resolve as soon as the value breaks above its neckline resistance at $250. If this occurs, the value may rise by as a lot as the utmost distance between the cup’s trough and the neckline.
That places SOL’s cup-and-handle breakout goal for 2025–2026 about $6,300, up by greater than 3,000% from present worth ranges.
Nevertheless, you will need to observe {that a} cup-and-handle doesn’t all the time assure the total upside transfer. A study by veteran analyst Thomas Bulkowski discovered that solely 61% of those setups attain their higher targets.
Excessive community exercise backs SOL worth rally
Sturdy onchain metrics, indicative of an energetic ecosystem, assist SOL’s potential to stage a parabolic rally over the following few weeks.
Each day energetic addresses have elevated 9% over the past 24 hours, reflecting strong person engagement. Whereas the variety of each day transactions has resumed its parabolic rise from 2024, per information from Nansen.
Solana’s total value locked (TVL) has additionally risen to a six-month excessive of $10.3 billion on Monday from $6.1 billion on April 8, a rise of over 63% in 15 weeks, in line with DefiLlama.
Solana boasts its place because the second-largest blockchain by way of TVL with a market dominance of 6.28%, behind Ethereum, which is roughly ten occasions larger, comprising 68%.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
