The price of salted is 6,000 USD after a earnest turn of the cup and handle

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Key results:

  • Sol Price increased to a five -month level, powered by mighty technical and growing network activities.

  • The pattern of the mug and the salted handle is aimed at only USD 6,300.

The price of salty (SOL) has increased by 34% in the last 30 days, reaching a five -month maximum of $ 193 on Monday.

Daily Sol/USD chart. Source: CoiteLgraph/TradingView

Solan is 35% lower than the highest level of USD 295 in history, and many analysts believe that the sixth -like cryptocurrency size will soon introduce prices.

Solana aims at $ 6,000 after stubborn tearing away

Sol Price has already increased by more than 2400% since the establishment of a low cycle of about USD 10 in November 2022. In this way, its price painted a cup and handle on many time frames.

Related: SOL News update: Do liquid rates released many times to 185 USD?

Cryptographic investor Robert Mercer common A chart showing SOL looking for a breakdown from the cup and handle pattern, signaling a massive movement up after it is confirmed.

2-week ZOL/USD candle chart. Source: X/@Robert_Klondike

“A textbook cup and a handle for $ SOL,” said Mister Crypto about the weekly Solana chart, addition:

“I’m stubborn here.”

The popular Tardigrade cryptographic analytical trader said that the Solana price also created a cup and handle pattern on a two -month chart for a four -year period, focused on USD 4,800.

“Breaking the handle is inevitable.”

The monthly table shows that the price broke above the cup holder of USD 155. The pattern will be solved when the price breaks above the 250 USD neckline resistance. If this happens, the price may escalate by the maximum distance between the cup of the cup and the neckline.

Sol/USD weekly chart. Source: Cointelegraph/TradingView

This means that Sola’s Cup-And Redle Cell at 2025–2026 at around USD 6,300, by over 3000% compared to current price levels.

However, it should be noted that the cup and handle does not always guarantee full movement of the mountain. AND test By a veteran of the analyst Thomas Bulkowski stated that only 61% of these configurations achieve its upper goals.

High network activity Rally Sol prices

Sturdy Onchain indicators, indicating an dynamic ecosystem, confirm the potential of Sola to organize a parabolic rally in the next few weeks.

Daily dynamic addresses have increased by 9% in the last 24 hours, reflecting the solid involvement of users. While the number of daily transactions resumed a parabolic escalate from 2024, to data from Nansen.

Ethereum every day dynamic addresses and number of transactions. Source: Nansen

The total salt value (TVL) also increased to a six -month maximum of $ 10.3 billion on Monday from $ 6.1 billion on April 8, which is an escalate of over 63% in 15 weeks, according to Defillam.

Ethereum TVL and the number of transactions. Source: Bronze

Solana has its own position as the second largest blockchain in terms of TVL with market dominance 6.28%, for Ethereum, which is about ten times larger, covering 68%.

The best blockchains compared to the dominance of the TVL market. Source: Developma

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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