SOLANA Alert! This Cup & Handle setup is absolutely primed! 🚀

in #cryptoyesterday

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Alright team, let's break down this juicy SOLANA chart and see what's cooking. The daily timeframe is showing an absolutely massive Cup and Handle pattern in formation, a classic bullish reversal signal that often leads to significant upward moves.

Currently, SOL is trading around the $220 mark, consolidating after forming the 'cup'. Our key support zone to watch is firmly established at $99.07, a level that has proven resilient. Looking ahead, the projected target from this powerful pattern is a staggering $545.15! This suggests a strong potential for a multi-X move once the handle completes and we break out.

My take? This setup is looking incredibly strong for long-term holders. We could see some volatility as the handle finishes forming, but the overall picture remains highly bullish. Keep an eye on the breakout from the handle, as that will be our confirmation.

Highly recommend HOLD and Stacking SOLANA at Binance.
Feel free to comment the altcoin you are holding and we will check it for you!

#SOLANA #SOL #TechnicalAnalysis #Crypto #BinanceSquare #Bitcoin #Altcoin
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