Solana (SOL) price prediction: Cup and handle pattern breakout target at $1315.

Famous analyst Ali Martinez released a significant technical analysis: Solana(SOL) confirms a textbook-level "Cup and Handle" pattern(, with a minimum target of $1315 (corresponding to the 1.414 Fibonacci extension). This pattern took two and a half years to form, with the cup bottom at $8 (end of 2022), and the cup's neck line area at $195-$255 (mid-2024), with a sloping "handle" forming a bottom at $105 in the first half of 2025. Currently, SOL is priced at $185.63, with weekly higher trade volumes rising 11% to break multiple resistance levels. If it holds above the neck line area, it will embark on a journey towards the Fibonacci target levels of $295/$767/$2744.

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Cup and Handle Pattern Analysis

• Construction Period: End of 2022 to mid-2025 (approximately 30 months)
• Cup Bottom Position: 8 USD (2022 Bear Market Low)
• Cup Neckline: 195-255 USD (key resistance area repeatedly tested in 2024)
• Handle Structure: The descending channel formed in the first half of 2025, bottoming at 105 dollars.
• Breakout Confirmation: In mid-July 2025, a higher trade volumes breakout above the descending channel's upper boundary

Fibonacci Target System Fibonacci extension levels based on cup depth (8 USD to 255 USD):

• 1.0x: $295 (Neckline breakout target)
• 1.272x: 767 USD (mid-term key resistance)
• 1.414x: 1315 USD (minimum target of the pattern, core benchmark)
• 2.618 times: 2744 USD (extreme bull market target)

Current Price Verification Signal

• Current Price: 185.63 USD (at the time of writing)
• Key Level: Currently testing the immediate resistance at $201.70
• Volume Verification: A breakout accompanied by significant higher trade volumes (meets the validity conditions of the pattern)
• Structural Breakthrough: Synchronously overcoming horizontal resistance and diagonal trendlines

Long and Short Boundary and Defense Level

• Breakthrough Confirmation Line: $195-$255 neckline area (must hold above on weekly close)
• Core Support:
  • $105 (handle low point)
  • 74 USD (2025 key support)
  • 46/31 USD (historical strong support zone)

Trading Strategy Guide

1. Breakout to buy more: Weekly close above 255 USD initiates bullish positioning.
2. Target Ladder:
   • First target $295 (1.0 Fibonacci)
   • Second target $767 (1.272 Fibonacci)
   • Core target $1315 (1.414 Fibonacci)
3. Risk Control Points:
   • A stop loss is needed if it breaks below the $195 neckline.
   • If it breaks below 105 dollars, the pattern will be invalidated.
4. Position Suggestion: Initial position ≤ 3%, increase position if it breaks above 295 USD.

Conclusion: The breakout of Solana's cup and handle pattern is supported by three major technical elements: a two-year bottoming cycle, a standard sloping handle structure, and a breakout accompanied by higher trade volumes. The target price of $1315 is based on classic pattern measurement rules and resonates with the 1.414 Fibonacci extension level, providing strong technical credibility. Investors should pay close attention to the defensive results in the $195-$255 area—holding above will open up medium to long-term upward space, while a drop below $105 will invalidate the pattern. In the context of increased volatility in the crypto market, it is recommended to adopt a phased accumulation strategy and strictly adhere to stop-loss discipline.