SOL’s Cup and Handle Hints at $425 Target, Bull Run Ahead?

Solana (SOL) is showing multiple technical patterns on its monthly chart, drawing attention from traders and market watchers. Meanwhile, its price stands at around $225, with a 24-hour trading volume of $7.3 ￰0￱ has gained 1% in the last day and 1% over the past ￰1￱ and Handle Pattern Forms on Monthly Chart A monthly chart shared by Lark Davis shows a possible cup and handle pattern on ￰2￱ formation stretches from the 2021 peak, through the 2022 low, to the current handle ￰3￱ area between $270 and $301 remains a key ￰4￱ SOL moves above this range, it may trigger a strong upward ￰5￱ Fibonacci levels, the 1.618 extension places a price target around $425.

A second target, based on the 2.618 level, is near $624. These figures come from historical price moves and are commonly used for tracking breakout ￰6￱ noted that the $425 level lines up with the 1.618 projection.