Solana’s Cup and Handle Pattern Signals Final Dip Before $900 Surge – Time to Load Up?

Solana's price action just printed a textbook cup and handle formation—and traders are eyeing a potential 3x surge.

The breakout play: After weathering this final shakeout, SOL could rocket toward $900 as the pattern completes. Technicals suggest the dip buyers are about to wrest control from the bears.

Why it matters: This isn't your average 'buy the rumor' setup. The cup and handle is one of the most reliable bullish continuations in trading—right up there with 'bankers front-running the Fed' for predictability.

Watch these levels: Any daily close above the neckline confirms the pattern. Then it's just a waiting game until the market realizes hedge funds have been accumulating SOL while retail chased meme coins.

Bottom line: When the charts, the whales, and even your Uber driver agree on direction, maybe—just maybe—the trade's worth taking. Even if Wall Street will inevitably take credit for the move afterward.

Pillows emphasized that network activity is still strong within the Solana blockchain. On-chain data confirms this as monthly transactions in July exploded to a new 5-year record at 3.5 billion as per Artemis.

This represents a 67% jump compared to July 2024 and a 17% increase compared to June this year. The growing popularity of meme coins like Bonk (BONK), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) have contributed to this remarkable surge.

Canary Capital’s progress in getting an exchange-traded fund (ETF) approved for PENGU helped catalyze a strong rally across Solana-based meme coins.

Finally, the launch of a Solana ETF by REX-Osprey that incorporated a staking feature also supports a bullish Solana price prediction as institutional and mainstream adoption could accelerate within the next few months.

Solana Price Prediction: SOL’s Pullback Could Deepen Before The Next Leg Up

Looking at SOL’s chart, we have seen a positive reaction in the price right after the $156 area was touched.

This is an interesting reaction to a key trend line support that confirms its relevance for market participants.

The Relative Strength Index (RSI) is currently standing below the mid-line and near oversold levels. Combined with a trend line support bounce, this favors a bullish short-term Solana price prediction.

All things considered, although a deeper drop could still occur, the token’s long-term prospects are quite promising amid this early indication of a bounce off this key line.

While a MOVE tomay seem ambitious at the moment, it’s not out of reach.

If more SOL ETFs launch in the coming months, increased institutional exposure could push the price toward a, and potentially much higher, by year-end.

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