A cryptocurrency has sparked analyst interest for a technical pattern that could herald its biggest rally since 2021.
This cryptocurrency, which is positioned at the top of the global market rankings, is generating concern among technical analysts and institutional strategists. Its chart shows a classic pattern that, if confirmed, could trigger one of the most aggressive increases since the last bullish cycle.
Is Left (LEFT), the sixth most capitalized cryptocurrency on the market, and which has now become the digital asset that has captured the attention of analysts due to the formation of a highly reliable technical pattern, known as la “cup with handle”.
This pattern, which began to develop in 2021, has historically been associated with large-scale bullish breakouts in financial assets. In Solana's case, the pattern is in an advanced phase, and its validation depends on breaking through a key resistance at $250. If this occurs, some models project a price target between $4.800 and $6.000 in the coming years.
BUY SOLANA ON BIT2METhe technical pattern that could change everything
The "cup with handle" is a pattern recognized by experienced traders. At Solana, this structure has formed on monthly timeframes, reinforcing its relevance. The cup's base consolidated during the 2022 bear market, and the handle has taken shape in recent months, with a descending wedge that could be close to breaking out.
The $250 resistance acts as a "neckline." A break above it with significant volume would be the definitive confirmation signal. According to the analyst late grade trader, the pattern has been developed over four years and could take SOL to $4.800 If the full projection is met. Other analysts also point to a target of $6.300, which would imply an upside of more than 3.000% from current price levels. At press time, SOL is trading at around $181.
However, despite this optimism, analysts also point out that this pattern's history indicates that it only reaches its maximum target 61% of the time. Therefore, while the potential is high, the risk of invalidation also exists.
SOL's critical support zones
In the short term, Solana is showing mixed signals. In the last 24 hours, the price has fallen 4,5%, reaching around $181. The immediate support level is around $180, considered key to avoiding a deeper correction. If this level is lost, the next relevant support level is at $165.
Source: CoinGecko
Technical analysis shows that other indicators, such as the RSI, which had been in the overbought zone, have normalized, providing some stability to SOL. On the other hand, the MACD is showing weakness, and a correction is still possible before the upward movement consolidates.
Likewise, SOL's price volatility remains high. Over the past seven days, the cryptocurrency has fluctuated between $165 and $209, reflecting the tension between buyers and sellers. Trading volume has also decreased slightly, which could indicate caution on the part of the market.
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ETFs and regulation: catalysts that could accelerate Solana's rally
Beyond technical analysis, Solana could benefit from two key events in the second half of the year. The first is the potential approval of a SOL cash ETF by the SEC. The deadline for a decision is October 10, but sources close to the matter indicate that the agency could act early and approve these financial instruments.
Experts have pointed out that the approval of an ETF would not only facilitate access for institutional investors but would also validate Solana as a regulated asset. The REX-Osprey SOL Staking ETF, launched this month, surpassed $100 million in assets under management in less than two weeks, a figure that reflects the growing interest in the cryptocurrency.
The second catalyst is the entry into force of the Clarity Act, a law that redefines the regulatory framework for digital assets in the US. This legislation establishes objective criteria for considering a blockchain “mature” and assigns oversight of tokens like SOL to the CFTC instead of the SEC. Solana meets several of these criteria, which could facilitate its inclusion in regulated financial products.
PREPARE YOUR WALLET HEREWhat to expect for the rest of 2025?
Although the most optimistic scenario points to prices close to $6.000 per SOL, most projections for this year are more conservative. According to Traders Union, the expected range for December is between $215 and $263. Others estimate an average of $176, with a maximum of $2.209 per unit.
In short, all these figures support the consensus that the "cup with handle" pattern could take years to complete. The initial breakout could lead to highs of $300 and $400, but the path to $6.000 would be gradual and depend on external factors such as regulation, institutional adoption, and technological evolution.
Analysts conclude that Solana is at a technical and fundamental crossroads, with the "cup with handle" pattern suggesting long-term upside potential, while the potential approval of an ETF and the entry into force of the Clarity Act could act as catalysts for its price.
In the short term, volatility and mixed indicators call for caution, but analysts maintain the consensus that a move toward $6.000 is imminent, although not immediate. Still, if technical signals are confirmed and external factors align, Solana could be entering one of the most explosive phases in its history.
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