Solana breakout risk centers on the $261–$296 neckline; a weekly close above that zone would confirm a cup-and-handle breakout and open a longer-term $500 target. Institutional accumulation, rising TVL and $255M stablecoin inflows underpin the bullish thesis while support sits near $210–$220.
Neckline resistance: $261–$296
Institutional buys total roughly $1.55B; TVL at $13.22B.
Short-term RSI near 67.29; possible retrace to $210–$220 before continuation.
Solana breakout: Watch $261–$296 neckline for confirmation; trade cautiously. Read analyst signals and on-chain data to act.
How close is Solana to a cup-and-handle breakout?
Solana breakout is imminent if SOL posts a weekly close above the $261–$296 neckline; that confirmation would validate the cup-and-handle pattern and project a longer-term move toward $500. Current price action and institutional accumulation support the setup, though a short retrace to $210–$220 is likely before a decisive breakout.
What technical signals validate the cup-and-handle pattern?
Chart structure shows a mature cup with a tightening handle on the weekly timeframe. Analysts report an RSI at 67.29, indicating near-overbought conditions and raising the probability of a short retracement. A confirmed breakout requires a clean weekly close above the neckline range, followed by increased volume and follow-through buying.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Solana nears a $261–$296 breakout as analysts eye a $500 target, fueled by $1.55B institutional buys and record $13.22B TVL growth.
- Solana nears a cup-and-handle breakout, with $261–$296 as the critical resistance zone.
- Institutional inflows surge as Galaxy Digital accumulates $1.55B in SOL within five days.
- On-chain strength builds with TVL at $13.22B and $255M stablecoin inflows in 24 hours.
Solana (SOL) is showing strong momentum as technical indicators suggest a possible bullish trend. Analysts note that the token is forming a cup-and-handle pattern on the weekly timeframe. To confirm the pattern, SOL must break above the neckline positioned between $261 and $296. At the time of writing, SOL was trading at $235.
What does chart analysis say about the breakout timeline?
Chart analysis highlights a well-developed cup formation with handle consolidation that often precedes a strong move. If SOL closes convincingly above the $261–$296 neckline, measured projections target around $500. Short-term support remains about $210–$220, and traders should expect volatility during any breakout attempt.
‘,
‘
🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!
‘,
‘
💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Chart analysis indicates a well-developed cup formation, with the handle consolidation showing a controlled pause before continuation. If SOL closes above the neckline range, projections suggest a move toward $500 in the longer term. Support remains around $210–$220, while the breakout zone at $261–$296 continues to be the key resistance level for confirmation.
According to CW8900, “a breakout of Solana’s cup-and-handle pattern is imminent,” with expectations that the move could occur as early as next week. The firm notes that this structure has been forming for months, and repeated tests of resistance levels suggest that momentum is building.
‘
];
var adplace = document.getElementById(“ads-htx”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex;
adplace.innerHTML = adscodesHtx[adsindex];
sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexHtx”, sessperindex);
}
})();