• 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

AI Companies Destroying Books for Training Data Raises Concerns

chest

AI companies are acquiring and destroying physical books to create training datasets, raising concerns about copyright and the preservation of literary works.

user avatarSon Min-ho

Cryptocurrency Scams Account for Over Half of Cybercrime Losses

chest

A report by the Consumer Federation of America reveals that cryptocurrency scams have led to significant financial losses, with estimates reaching 807 billion.

user avatarAyman Ben Youssef

Zcash Launches Ironwood Upgrade to Enhance Security and Privacy

chest

Zcash has launched the Ironwood upgrade to prevent counterfeit coins from entering circulation and to enhance privacy.

user avatarTando Nkube

Morgan Stanley Boosts Apple Stock Rating

chest

Morgan Stanley has reiterated its buy rating on Apple stock, raising the price target to $364.

user avatarKofi Adjeman

Apple Achieves Historic $5 Trillion Market Cap

chest

Apple Inc. has made history by surpassing a market capitalization of $5 trillion for the first time, overtaking AI giant Nvidia.

user avatarSatoshi Nakamura

Apple to Launch New Smart Home Products

chest

Apple is set to launch a Siri AI-powered home hub alongside refreshed Apple TV and HomePod mini, challenging Amazon's Echo and Google's Nest.

user avatarNguyen Van Long

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.