Solana Shows Potential Multi-Year Cup and Handle Breakout Amid Whale Accumulation and Network Upgrade Plans
Main Idea
Solana shows potential for a multi-year bullish breakout, supported by technical indicators, whale accumulation, and upcoming network upgrades aimed at increasing block capacity.
Key Points
1. Solana's price action confirms a bullish 'cup and handle' pattern, with a breakout above the $195–$255 resistance zone and a projected target of $1,315.
2. Whale activity, including large SOL withdrawals from exchanges, signals institutional confidence in Solana.
3. Network upgrade (Improvement Document 0286) plans to increase block capacity by 66%, improving transaction throughput and reducing congestion.
4. SOL faces immediate resistance around $201.70, with maintaining above $195–$255 crucial for sustaining upward momentum.
5. Technical indicators, including RSI and moving averages, support the sustainability of the current upward trend.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Solana (SOL) has
Latest News
- Whale Alert: Single Entity Sells 3810.76 ETH in 10 Hours, Earning $2.69 Million Profit2025-07-26 02:51:11
- New Ethereum Whale Emerges with $380 Million Accumulation, Signaling Possible Institutional Interest2025-07-26 02:50:54
- Whale Sells Over 5,500 ETH Worth $20 Million After Accumulating Since Late 20242025-07-26 02:40:05
- Bitcoin Season Prevails as Altcoin Season Index Signals Market Dominance and Strategic Opportunities2025-07-26 02:28:32
- Newly Created Ethereum Addresses Accumulate Over 583,000 ETH Worth $2.17 Billion Since July 92025-07-26 02:16:32