SOLUSD – Cup & Handle Structure - Near Breakout Confirmation ?

Solana is currently presenting a high-conviction Cup and Handle formation on the daily chart, signaling the potential for a bullish breakout continuation if key technical levels are reclaimed with volume confirmation.

This pattern began developing after the March 2025 bottom, with price action curving up steadily over several weeks, forming a well-rounded base. The handle has recently developed as a shallow pullback on declining volatility — a favorable characteristic in this setup.

Consolidation Phase

1. Price moved sideways, indicating accumulation.
   
2. Breakout above 150-160 in early 2025 confirmed bullish shift.
   

Bullish Case:

• If 185 holds, expect a retest of 200-220.
  
• Break above 220 opens path to 265 (≈50% rally).
  

Bearish Risk:
Close below 165 invalidates bullish structure, targeting 150.