- Solana cup and handle structure signals long-term breakout potential forming now
- $80 support holds while $88–$90 resistance remains key breakout trigger zone
- Break above resistance could activate $100 short-term and $500 projection scenario
Solana is forming a cup-and-handle structure that analysts say could shape its next major move. According to analyst Javon Marks, the setup remains intact as Solana holds the handle support zone. The Solana price is trading under pressure but continues to defend key levels. If support holds, the pattern projects a long-term breakout target above $500, based on historical chart structure and prior all-time high zones.
At press time, Solana’s price is down 2.98% at $84.34 in 24 hours. The short-term trend remains bearish, but the broader formation is still active.
Solana Cup-and-Handle Formation Nears Critical Test Zone
The Solana cup-and-handle formation has developed after a prolonged downtrend, with the rounded base already formed and price now consolidating in the handle phase. This structure typically signals accumulation when supported by steady demand.
Solana price action shows repeated attempts to hold above $80, a key psychological level. Resistance is positioned near $88 to $90, where sellers have previously stepped in. A break above $88 could shift momentum toward a short-term recovery range between $95 and $100.
Solana continues to see growth in stablecoin supply, now around $17.4 billion, while upgrades like Firedancer and Alpenglow aim to improve scalability. However, speculative activity remains uneven, with memecoin volumes still below earlier peaks.
Solana Price Levels Define Breakout or Rejection Scenario
The Solana price remains compressed just under resistance, with buyers repeatedly defending lower support zones. This tightening range suggests a build-up phase rather than expansion, as volatility narrows.
If Solana breaks and holds above the $88–$90 zone, the cup-and-handle structure strengthens and opens room toward higher resistance levels. Failure to hold $80 would weaken the setup and expose lower support near $75.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
