SOL bulls are ready to go! Cup and handle pattern + MACD golden cross = new round of big market?

Anatoly 2025-10-15 22:59 19544人围观 SOL

The classic "cup and handle pattern" appeared on the monthly chart of Solana (SOL), showing a strong bullish signal. The 1.618 Fibonacci target is around $425, and the monthly MACD is also preparing for a golden cross, with significantly stronger momentum

Solana (SOL) has a classic "cup-and-handle pattern" on its monthly chart, showing a strong bullish signal. The 1.618 Fibonacci target is around $425, and the monthly MACD is also preparing for a golden cross, with significantly stronger momentum. As talk of the possible approval of the Solana ETF heats up, traders are keeping a close eye on the moment that could trigger a strong breakout.

Cup-and-handle pattern sends strong bullish signal

Well-known encryption analyst Lark Davis recently stated that he remains optimistic about the trend of SOL. He noted that Solana’s monthly chart is forming a classic cup-and-handle pattern — a pattern that, when completed, often signals a price breakout is about to begin.

Davis added that the 1.618 Fibonacci extension level, often a key target on the uptrend, is located around $425. Meanwhile, the monthly MACD is also forming a golden cross, which further reinforces the bullish trend. Such technical signals usually mean that a new uptrend is about to begin.

Finally, as the market increasingly looks forward to the approval of the Solana ETF, analysts believe that SOL may be on the eve of a rapid rise. If the trend unfolds as expected, it is expected to redefine its position in the crypto market.

A quick rebound puts Solana back in profit territory

Crypto VIP Signal pointed out in its latest analysis that after SOL fell below $200, there was a clear shift in the market structure. The decline cleared a large number of highly leveraged long positions and eliminated short-term speculators. However, buying quickly picked up, and the price quickly stopped falling and rebounded, showing solid support and strong buying momentum.

After the rebound, SOL's long position has made a profit of more than 16% compared to the initial entry price. Looking ahead, analysts believe Solana may be challenging key resistance at $250. If it can effectively break through and stand firmly above it, it may open up room for further gains and confirm a larger upward trend.

In terms of strategy, Crypto VIP Signal recommends that traders continue to hold long orders and set stop losses at the break-even point to guard against sudden fluctuations. As the market's bullish sentiment returns, solid position management can help seize the next potential upside opportunity.

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