In the cryptocurrency world, Solana (SOL) is drawing attention once again due to rising price movements and the development of a classic technical pattern, the 'cup and handle.'
Cup and Handle Formation and Its Significance
Solana is currently at the center of the next bullish narrative in the crypto space. The token, currently hovering around $151, has been steadily forming the classic cup-and-handle pattern often seen before explosive uptrends. The cup formed through late 2022 into 2024 as SOL recovered from sub-$10 levels to $180. The handle, marked by a mild pullback and consolidation between $130 and $180, has been the final piece of the puzzle.
Solana Price Prediction: Possible New Record
Technical analysts such as Ali Martinez and VegetaCrypto1 are unanimous: a breakout above the neckline at $155 could catapult SOL toward targets ranging from $180 to $200. The full formation of this pattern could see Solana's price rally to $3,800. Vegeta notes a potential 30–35% upside in the short term if the $153–155 level is reclaimed, which could lead to a retest of its previous all-time high of $294.
Rexas Finance: Tokenization of Real Assets and a New Player in the Market
Rexas Finance is redefining how retail investors gain access to real-world assets. The project allows investors to tokenize and trade fractional ownership of high-value assets such as real estate and art with a low entry threshold. Currently, Rexas Finance is in presale, and its tokens have already attracted the attention of over 50,000 active holders.
The situation surrounding Solana and Rexas Finance reflects a growing bullish sentiment in the cryptocurrency space, where technical factors and institutional investments may lead to significant growth.
