Rich by Coin

A chart shared by Javon Marks shows Solana forming a long term cup and handle pattern on the weekly timeframe, with a projected breakout target above $500. The setup marks a rounded base that developed after Solana’s 2021 2022 decline, followed by a handle formation that appears to be taking shape during the recent pullback. In technical analysis, a cup and handle pattern is often viewed as a continuation structure. Here, the chart suggests Solana may be consolidating before a larger upward move.

The handle sits in a descending channel, while the earlier high near the rim of the cup acts as the key breakout zone. For now, the bullish target remains conditional. Solana still needs to break above the handle resistance and reclaim the cup rim with strong momentum before the pattern can confirm. Until then, the chart presents a bullish long term structure, but not a completed breakout.

A chart shared by James Easton shows Solana trading inside a descending channel after a broader recovery, while momentum indicators below the price chart suggest bearish pressure may be easing. The setup combines a rounded base structure with a consolidation phase, which often appears when an asset pauses before its next larger move. Moreover, the chart’s lower panel shows momentum cycles that previously turned higher after deep negative readings. That matters because the latest setup appears to be approaching a similar zone, which may suggest selling pressure is weakening even though the broader channel still caps the price structure.

For now, the chart does not show a confirmed breakout. Instead, it shows a market still consolidating within resistance boundaries while momentum tries to stabilize. Therefore, the structure supports a cautiously bullish view over the longer term, but Solana still needs to break out of the channel before that outlook strengthens.