Solana is displaying strong indications of a sustained bullish breakout, supported by converging technical indicators, whale accumulation patterns, and planned network improvements. Analysts confirm a breakout from the ‘cup and handle’ chart pattern after SOL surpassed the critical $195–$255 resistance range, signaling a long-term upside target of $1,315.
Recent whale behavior shows substantial SOL withdrawals from exchanges, reflecting heightened institutional confidence in Solana’s growth trajectory. These large-scale accumulations align with growing market optimism surrounding the ecosystem’s development.
Network improvements are set to reinforce this momentum, with Improvement Document 0286 proposing a 66% block capacity increase. This upgrade targets enhanced transaction throughput and congestion mitigation to bolster Solana’s scalability and user experience once implemented.
Current technical analysis identifies immediate resistance near $201.70, with sustained positioning above the $195–$255 support zone deemed essential for trend continuation. The Relative Strength Index (RSI) and key moving averages further corroborate positive momentum, reaffirming stability in the upward trajectory.