SOLUSDT has formed a Cup & Handle pattern on the weekly chart, and arguably already broke out of the handle.The measured move target based on the linear depth of the cup is ~$510.
Key Levels to Watch
• ~$100: Local low and 0.618 Fib of the cup depth, a typical handle retracement in a Cup & Handle pattern.
• $260: Cup & Handle neckline and key horizontal resistance. A decisive weekly close with strong volume above this level would confirm the pattern and activate the measured move target.
• $510: Measured move target based on the depth of the cup from the neckline.
Considerations
Volume confirmation remains key. A breakout above $260 with strong volume could validate the pattern and open the path to $510.
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