The post Solana Cup and Handle Pattern Forms with $2,500 Target appeared on BitcoinEthereumNews.com. Key Insights: Solana’s Cup and Handle pattern suggests a breakout could push prices to $2,500. key demand zone at $150-$155 is crucial for Solana’s short-term price action. Market sentiment shows rising long positions, reflecting optimism for Solana’s price action. Solana Cup and Handle Pattern Forms with $2,500-270+ Target in Sight Solana (SOL) is showing signs of a potential breakout, with a new technical pattern that could propel its price to new all-time highs. Solana has formed a cup and handle chart pattern, sparking interest among analysts. According to analyst Bitcoinsensus, the weekly structure confirms that Solana is in the process of completing the pattern. As indicated by Bitcoinsensus, the Breakout is unfolding after a multi-year consolidation. This pattern is often seen as a strong indicator of upward movement, with a typical target of $2,500 if the breakout plays out. Potential Breakeout | Source: X Technical analysis of Solana’s price action suggests that a breakout from this formation would propel Solana to new ATHs. If the breakout occurs, the projected target could bring Solana’s price closer to $2,500, signaling potential growth for the cryptocurrency. Key Demand Zone and Support Levels However, the Solana price has recently tested a key demand zone between $150 and $155. Analyst Nehal pointed out that a Strong trendline support aligning with the demand zone could lead to a price retest before continuing upwards.  This support zone is considered a crucial area for Solana’s price to hold in the short term. The trendline support near the demand zone shows that Solana’s price may find support before continuing its upward movement. Support level | Source: X Notably, if the structure holds, Solana could be on track to reach its next price target, with a mid-term goal of $225 and a significant resistance level around $270. Current Price Action… The post Solana Cup and Handle Pattern Forms with $2,500 Target appeared on BitcoinEthereumNews.com. Key Insights: Solana’s Cup and Handle pattern suggests a breakout could push prices to $2,500. key demand zone at $150-$155 is crucial for Solana’s short-term price action. Market sentiment shows rising long positions, reflecting optimism for Solana’s price action. Solana Cup and Handle Pattern Forms with $2,500-270+ Target in Sight Solana (SOL) is showing signs of a potential breakout, with a new technical pattern that could propel its price to new all-time highs. Solana has formed a cup and handle chart pattern, sparking interest among analysts. According to analyst Bitcoinsensus, the weekly structure confirms that Solana is in the process of completing the pattern. As indicated by Bitcoinsensus, the Breakout is unfolding after a multi-year consolidation. This pattern is often seen as a strong indicator of upward movement, with a typical target of $2,500 if the breakout plays out. Potential Breakeout | Source: X Technical analysis of Solana’s price action suggests that a breakout from this formation would propel Solana to new ATHs. If the breakout occurs, the projected target could bring Solana’s price closer to $2,500, signaling potential growth for the cryptocurrency. Key Demand Zone and Support Levels However, the Solana price has recently tested a key demand zone between $150 and $155. Analyst Nehal pointed out that a Strong trendline support aligning with the demand zone could lead to a price retest before continuing upwards.  This support zone is considered a crucial area for Solana’s price to hold in the short term. The trendline support near the demand zone shows that Solana’s price may find support before continuing its upward movement. Support level | Source: X Notably, if the structure holds, Solana could be on track to reach its next price target, with a mid-term goal of $225 and a significant resistance level around $270. Current Price Action…