Solana (SOL) is approaching a critical breakout level as a classic 'cup and handle' pattern emerges on its long-term chart.
The 'cup and handle' formation is considered one of the most bullish patterns in classical charting, indicating a potential surge in buying momentum after a period of accumulation.
The key resistance level for Solana is around $210, with a breakout above this level potentially triggering a parabolic bull run.
Analysts advise traders to prepare in advance for a potential breakout, which could lead to a sustainable rally supported by organic accumulation.