\n<\/p>\n
TL;DR<\/strong><\/p>\n Solana\u2019s weekly chart shows a cup and handle pattern that has taken shape over three years. The asset is now testing the neckline around $245\u2013$250, a zone viewed as critical for confirming the breakout.<\/p>\n Remarkably, the broader structure includes a rounded base formed between late 2021 and 2023, followed by a smaller pullback that created the handle. The 50-week moving average is trending higher and sits below the current price, while the RSI is climbing near 60, suggesting momentum without entering overbought territory. Analyst Jonathan Carter commented,<\/p>\n #SOL<\/a> Weekly Cup & Handle is at the MOMENT OF TRUTH\u2615\ufe0f<\/p>\n The setup: Long-term targets: $500 \u2192 $1,000<\/p>\n All criteria are aligning. Perfect weekly pattern for growth pic.twitter.com\/2M9POUvVWd<\/a><\/p>\n \u2014 Jonathan Carter (@JohncyCrypto) September 18, 2025<\/a><\/p>\n<\/blockquote>\n His projection places long-term targets at $500 and potentially $1,000 if the move continues.<\/p>\n A separate analysis from Trader Tardigrade outlined<\/a> a repeating cycle model built on channel zones. Previous rallies saw Solana top at different zones before retracing to Zone I, which acted as long-term support.<\/p>\n The chart now considers the chance of Solana peaking again at Zone V, similar to the move in late 2021. The model\u2019s projection shows a possible run above $18,000 before a later correction. Tardigrade noted that each cycle in Solana\u2019s history has followed a similar pattern of steep expansions followed by substantial retracements.<\/p>\n Additionally, Crypto Patel highlighted a bullish structure following Solana\u2019s breakout<\/a> above $26\u2013$33, which had capped the price during the downtrend. Since then, the token has consolidated between $115 and $285, forming a broad base above old resistance.<\/p>\n Patel set two major objectives. They wrote,<\/p>\n Can $SOL<\/a> hit $1000 in this bull run?<\/p>\n My 1st target is $500, but why stop there? Let\u2019s aim for $1000@solana<\/a> pic.twitter.com\/pgFGksQFFi<\/a><\/p>\n \u2014 Crypto Patel (@CryptoPatel) September 18, 2025<\/a><\/p>\n<\/blockquote>\n Key support is seen around $185, with deeper historical support zones marked at $10 and $1.50. The bullish case remains valid while Solana holds above the $185\u2013$200 range.<\/p>\n Market data also points to institutional participation. According<\/a> to CoinGecko, Forward Industries became Solana\u2019s largest treasury after acquiring 6.82 million SOL, equal to 1.26% of the supply. This single holding is larger than the combined balance of the next three biggest holders, who together control about 6.11 million SOL.<\/p>\n The addition of large-scale buyers provides further context as Solana approaches the $250 neckline. Traders are watching whether a confirmed breakout can set the stage for the higher targets now in focus.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
Cup and Handle Setup at Key Resistance<\/h2>\n
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\u2705 3-years cup formation
\u2705 Clean handle complete
\u2705 Volume building at neckline<\/p>\nCycle Model Points to Higher Zones<\/h2>\n
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Institutional Accumulation Adds Context<\/h2>\n
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>Source: Trader Tardigrade\/X<\/figcaption><\/figure>\nAdditionally, Crypto Patel highlighted a bullish structure following Solana\u2019s breakout<\/a> above $26\u2013$33, which had capped the price during the downtrend. Since then, the token has consolidated between $115 and $285, forming a broad base above old resistance.<\/p>\nPatel set two major objectives. They wrote,<\/p>\n\nCan $SOL<\/a> hit $1000 in this bull run?<\/p>\nMy 1st target is $500, but why stop there? Let\u2019s aim for $1000@solana<\/a> pic.twitter.com\/pgFGksQFFi<\/a><\/p>\n\u2014 Crypto Patel (@CryptoPatel) September 18, 2025<\/a><\/p>\n<\/blockquote>\nKey support is seen around $185, with deeper historical support zones marked at $10 and $1.50. The bullish case remains valid while Solana holds above the $185\u2013$200 range.<\/p>\nInstitutional Accumulation Adds Context<\/h2>\nMarket data also points to institutional participation. According<\/a> to CoinGecko, Forward Industries became Solana\u2019s largest treasury after acquiring 6.82 million SOL, equal to 1.26% of the supply. This single holding is larger than the combined balance of the next three biggest holders, who together control about 6.11 million SOL.<\/p>\nThe addition of large-scale buyers provides further context as Solana approaches the $250 neckline. Traders are watching whether a confirmed breakout can set the stage for the higher targets now in focus.<\/p>\n\nSPECIAL OFFER (Sponsored)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/G1M7h8cbAAA7096.jpeg\"){kind=link}