• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Completes Cup-and-Handle Pattern: Eyes on $524

user avatar

by Giorgi Kostiuk

2 years ago


Solana crypto is garnering attention as it completes a chart pattern indicating potential strong price growth.

Completion of Cup-and-Handle Pattern

Solana has completed the cup-and-handle pattern, a reliable bullish continuation indicator. Holding strong above key support levels of $180–$200, it sets the stage for potential growth.

Price Targets

Analysts see growth potential to three key levels: $377.47, $451.30, and $524.25, indicating a long-term bullish agenda. The first target is for short-term traders, the second for mid-term growth, and the third fully realizes the pattern’s potential.

Technical Indicators and Support

The underlying trend structure supports further price increases. An ascending trendline and rising trading volumes suggest buying interest. A break below $180–$200 support could challenge bullish prospects.

Solana showcases potential for significant price increase, supported by cup-and-handle pattern completion and technical indicators. However, potential corrections may occur if market conditions worsen.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Japan Moves Towards Legal Framework for Bitcoin ETFs

chest

Japan's Cabinet has submitted a bill to amend financial laws, paving the way for potential Bitcoin ETFs.

user avatarFilippo Romano

Kraken's Complex Regulatory Presence in the UK

chest

Kraken operates in the UK through multiple FCA-regulated entities, showcasing the intricate nature of crypto regulation.

user avatarTomas Novak

UK Moves Towards Comprehensive Crypto Regulation

chest

The UK is moving towards a more comprehensive crypto regulatory framework, with new applications expected by 2026.

user avatarEmily Carter

Marathon Digital Launches Bitcoin Mining Pilot Using Landfill Methane in Utah

chest

Marathon Digital has launched a small-scale Bitcoin mining pilot project in Utah, using landfill methane gas to generate electricity.

user avatarKaterina Papadopoulou

IBIT and MicroStrategy: Two Distinct Paths to Bitcoin Accumulation

chest

IBIT passively accumulates Bitcoin through ETF demand, while MicroStrategy actively raises capital to buy Bitcoin for its treasury.

user avatarMaya Lundqvist

Ten Cows Become First Livestock Collateral on Brazil's Stock Exchange

chest

Ten cows from Fazenda Engenho Velho in Brazil have become the first livestock collateral formally registered on the country's stock exchange, utilizing blockchain technology and AI-powered sensors.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.