Key Insights:
- Solana price is eyeing a 125% rally that could see SOL test $460.
- This development follows the formation of a cup-and-handle technical pattern on the one-week chart.
- The Alpenglow upgrade has been approved by the community with 98% approval.
Solana price is setting up for a possible 125% rally, as the token trades around $210.64 after a 4% one-day jump. The market structure is forming a pattern that suggests larger moves ahead, supported by both technical signals and recent governance upgrades.
With the SOL price holding firm and the charts lining up, Solana looks ready to test higher Fibonacci targets.
Technical Setup Indicates Solana Price Could Rally by 125%
The weekly SOL price chart shows a clear cup-and-handle pattern that has been forming since mid-2022. This setup often signals a bullish move, with the $275 neckline acting as the next key barrier for Solana price.
A cup-and-handle pattern is a bullish chart setup where the price first rounds out a “cup” shape, then dips slightly to form a “handle” before breaking higher. In Solana’s case, the neckline sits around $275, acting as the next key barrier.
If the breakout holds, the pattern points to upside targets that align with a potential 125% rally, based on Fibonacci projections.
A decisive break above the neckline will push Solana toward Fibonacci targets around $367 and later $460. At its current price of $210, SOL exhibits steady buying interest rather than heavy selling.
Furthermore, the RSI is holding near 60, suggesting room for further gains without showing overbought signals.
Upon closer examination, Solana has continued to form higher lows, a sign that often supports longer rallies. The $200–$220 range, which once acted as resistance, has now become a strong support zone.
This aligns with the long-term outlook for SOL, as per expert analyst Donald Dean, who suggests that strong upside potential will target $218 and $295.
On-chain volume shows solid support around $190, indicating that buyers are slowly regaining control. The 0.236 Fibonacci level at $148 also stands as a key pivot, adding another layer of support below.
If Solana price can turn $275 into support, the next Fibonacci targets are $367 and $460. With the technical setup in place, SOL has established a bullish path that may unfold soon.
Alongside its strong chart setup, Solana’s community approved the Alpenglow upgrade with 98.27% support. The change will cut block finality to 150 milliseconds, making Solana the fastest major blockchain.
More than half of Solana’s staked supply participated in the vote, demonstrating strong support among validators. The upgrade is expected to boost transaction speed, improving scalability for DeFi, NFTs, and real-world applications on the network.
The newly voted upgrade, if implemented, will enhance Solana’s consensus efficiency and increase confidence among developers and users.
Institutions favor low-latency blockchains, and this move could further solidify Solana’s position among the highest-performing Layer 1 blockchains. With Solana price already on the rise, the governance win adds fuel to its breakout momentum.
What’s Next for Solana Price?
Solana price is now supported by both chart patterns and network upgrades. The cup-and-handle setup points to breakout potential, while the Alpenglow upgrade shows strength at the protocol level.
A SOL price move above $275 could open the way to Fibonacci targets near $460. Together, these factors make the case for a bullish outlook in the months ahead.
However, investors should exercise due diligence given the ongoing volatility recorded in the broader crypto market.