Key takeaways:
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SOL value 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 value of as excessive as $6,300.
Solana’s (SOL) value rallied 34% over the past 30 days, reaching a five-month excessive of $193 on Monday.
Solana is 35% beneath its all-time excessive at $295, and a number of analysts consider that the sixth-largest cryptocurrency will enter value discovery quickly.
Solana targets $6,000 after bullish breakout
SOL value has already risen by over 2,400% since establishing a cycle low of round $10 in November 2022. In doing so, its value has painted a cup-and-handle sample on a number of time frames.
Associated: SOL information replace: Will multi-exchange liquid staking set off rally to $185?
Crypto investor Robert Mercer shared a chart exhibiting SOL searching for a breakout from a cup-and-handle sample, signaling an enormous upward transfer as soon as it’s confirmed.
A “textbook cup-and-handle on $SOL,” Mister Crypto mentioned about Solana’s weekly chart, including:
“I’m bullish right here.”
In style crypto analyst Dealer Tardigrade mentioned Solana’s value 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 $4,800 🔥
In a number of years, this long-term funding may yield vital earnings.
A cup and deal with sample has developed over 4 years on the macro 2-month chart.
The breakout of the deal with is imminent.$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 at round $6,300, up by greater than 3,000% from present value ranges.
Nevertheless, you will need to word {that a} cup-and-handle doesn’t all the time assure the complete upside transfer. A research by veteran analyst Thomas Bulkowski discovered that solely 61% of those setups attain their higher targets.
Excessive community exercise backs SOL value rally
Robust onchain metrics, indicative of an lively ecosystem, help SOL’s potential to stage a parabolic rally over the subsequent few weeks.
Every day lively addresses have elevated 9% over the past 24 hours, reflecting sturdy consumer engagement. Whereas the variety of each day transactions has resumed its parabolic rise from 2024, per information from Nansen.
Solana’s whole worth 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 when it comes to TVL with a market dominance of 6.28%, behind Ethereum, which is roughly ten occasions greater, comprising 68%.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.
