The weekly chart of SOL/USDT reveals a promising cup and handle pattern, which could signal a significant price increase.
Cup and Handle Pattern: This bullish chart pattern is characterized by a cup-shaped formation followed by a handle. The price typically consolidates within the handle before breaking out to the upside.
Potential Breakout: The price has recently broken above the resistance level of the handle. However, a weekly candle close above this level is needed to confirm the breakout.
Price Target: If the breakout is confirmed, we can use the height of the handle as a potential price target. This would suggest a price target of around $180.
Remember, this analysis is based on technical factors and past performance. It's essential to conduct your own research before making any investment decisions.
If you're looking for a high-potential coin with a strong community and a promising future, Solana could be worth considering.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
