Solana Price Analysis: Will SOL Rally To $500 In Current BullRun

5月3日

#SOLANA/USDT Chart Analysis

HTF Perspective: The SOLANA chart looks extremely bullish on the higher timeframe (HTF). A bullish Cup & Handle pattern is emerging, signaling a potential massive upward trend.

Cup & Handle Pattern: According to my analysis, the Cup has already been completed, and we are awaiting the formation of the Handle. The handle's bottom is likely to form around $50, which presents a great opportunity to accumulate SOLANA in large quantities.

Key Takeaways:
➡ The cup pattern is completed, and the handle pattern is in the works.
➡ The handle bottom could form around $50, presenting a prime buying opportunity.
➡ Once the handle pattern completes, a significant upward move is likely.
➡ Long-term targets are around $500 to $1000.

Price Levels:
➡ Strong Support: $84/$46
➡ Resistance: $200

Current Update: I initially highlighted this pattern when SOL was trading at $190, and now it's touched $116. If you booked profit at the top, well done!

Disclaimer: This is not financial advice. Do your own research before investing in any cryptocurrencies.