Solana Looks Explosive: Cup And Handle Formation Teases Rally To $425 Target
Solana (SOL) is flashing a powerful bullish setup as it forms a classic cup and handle pattern on the monthly chart. With the 1.618 Fibonacci target sitting near $425 and the monthly MACD gearing up for a golden cross, momentum is building fast. As speculation around a potential Solana ETF approval heats up, traders are eyeing what could be the start of a major breakout rally. Cup And Handle Formation Signals A Major Bullish Setup Lark Davis, a well-known crypto analyst, recently shared an optimistic outlook on SOL, highlighting a significant technical formation that could set the stage....
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A cryptocurrency analyst has pointed out how Solana may be moving toward a sky-high main target based on a cup-and-handle breakout. Solana Is Breaking Out Of A Cup And Handle In a new post on X, analyst Ali Martinez has shared a pattern that the 1-week price of SOL has appeared to have been following during the last few years. The pattern in question is a “cup and handle” from technical analysis (TA). It’s made up of two parts: a U-shaped trendline forming the “cup” and a downward parallel channel representing the “handle.” As the asset moves....
A Dogecoin cup and handle pattern has returned to the chart, which could be pointing to another recovery trend. The chart pattern was highlighted by crypto analyst Melikatrader on a TradingView post, showing that there could be a reversal coming for Dogecoin soon. The analysis further explains how the formation came about and what this could mean for the meme coin’s price as another week of trading gets underway in the current bearish environment. Understand The Dogecoin Macro Cup And Handle Pattern Interestingly, the formation of the macro cup and handle pattern didn’t just start....
The Solana price has been in red-hot form over the past week, making a play for a new all-time high this weekend. United States President-elect Donald Trump successfully launched the Official Trump (TRUMP) meme coin on the Solana network, triggering the latest bullish momentum for the SOL token. This recent burst of positivity has now pushed Solana into an exciting price setup, which could see its value skyrocket over the next few months. According to a popular crypto analyst on social media platform X, the Solano price could be on its way to $4,700. Is SOL Price Gearing For A Parabolic....
BNB price gets a boost as Binance launches a $1 billion blockchain fund. The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560.Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at length equal to the Cup's size.So it appears, BNB has undergone a price trajectory that looks like....
Popular market analyst Egrag Crypto has dropped a Bitcoin price prediction due to the recent formation of a highly bullish chart pattern. The maiden cryptocurrency currently trades above $84,000 following its minor recovery in the latter part of last week. However, the continuity of the current bull run remains uncertain barring a sustained uptrend. Related Reading: Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal? Bitcoin’s Bullish Chart Pattern Hints At Major Price Surge In an X post on March 14, Egrag Crypto states the BTC market may be preparing for a major price....