💰🚀Historical Pattern Suggests Solana (SOL) Price Could Soar 70%🚹

Solana's weekly chart shows the formation of a cup and handle pattern, suggesting a breakout. The chart also shows that the bulls are pushing the altcoin to rise further from its current levels.

While Solana's price could rise to $285 in the medium term, the token could surpass $175 soon.Solana Forms Bullish Pattern on Weekly ChartAccording to the weekly chart, SOL has formed a cup and handle pattern.

This figure appears when the price experiences a U-shaped recovery, resembling a “cup,” followed by a consolidation phase that looks like a “handle.”

Since March, SOL's price has been consolidating between $127 and $201, indicating that the handle reflects indecision in choosing a specific direction. However, for the pattern to be validated, it needs to break above the main neckline.

If this breakout occurs, the price could rise by an amount almost equal to the maximum distance between the cup valley and the neckline.

For SOL, the token has broken above the neckline at $167. Therefore, the price of the altcoin could increase by 70% and possibly reach $285.

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