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Solana Looks Explosive: Cup And Handle Formation Teases Rally To $425 Target
Solana (SOL) is flashing a powerful bullish setup as it forms a classic cup and handle pattern on the monthly chart. With the 1.618 Fibonacci target sitting near $425 and the monthly MACD gearing up for a golden cross, momentum is building fast. As speculation around a potential Solana ETF approval heats up, traders are eyeing what could be the start of a major breakout rally. Cup And Handle Formation Signals A Major Bullish Setup Lark Davis, a well-known crypto analyst, recently shared an optimistic outlook on SOL, highlighting a significant technical formation that could set the stage for a major rally. According to Davis, Solana is currently developing a classic cup and handle pattern on its monthly chart. This setup often signals the potential for a strong bullish breakout once the pattern completes. Related Reading: Solana (SOL) Declines Again ā Is This A Dip Worth Buying For Recovery? He further explained that the 1.618 Fibonacci extension level, which often serves as a key target during large upward moves, sits around $425. Adding to the bullish case, Davis noted that the monthly MACD indicator is also forming a golden cross. This powerful technical signal typically marks the beginning of a sustained uptrend. Finally, with growing anticipation surrounding a potential Solana ETF approval, the analyst believes Solana could be on the verge of an exciting and rapid upward move, one that might redefine its position in the crypto market if the pattern unfolds as expected. Swift Recovery Pushes Solana Back Into Profit Territory Crypto VIP Signal, in a recent update, highlighted a notable shift in SOL market structure following a sharp move below the $200 level. The drop triggered a wave of liquidations among high-leverage long positions, causing weak hands to be shaken out of the market. This correction, however, proved short-lived as buying pressure quickly returned, showcasing strong support and renewed bullish momentum. Related Reading: Solana (SOL) Attempts Recovery ā Yet Lacking Momentum Could Stall Bullish Breakout Following the dip, SOL rebounded impressively, allowing long positions to secure over 16% in profit from their initial entry points. Looking ahead, the analyst noted that Solana could be gearing up for a move toward the $250 resistance level, which stands as the next major hurdle for the bulls. A successful break and close above this level could open the door for additional gains and confirm the continuation of the broader uptrend. In terms of strategy, Crypto VIP Signal advised traders to maintain their long positions while implementing a stop-loss at breakeven to protect profits from any unexpected volatility. With bullish momentum returning to the market, careful position management could ensure traders remain well-positioned for the next potential leg higher. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin Needs Only A Minor Push To Reach $175K: Analyst
Bitcoin traded just above $121,000 on Wednesday, holding onto gains after a drop from a recent peak above $126,000. According to analyst Egrag Crypto, a small market move could trigger a much larger rally, building on a pattern he says has repeated across past cycles. Related Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout Historic Channel Breakouts Egragās view is based on a three-month look at price channels that, he argues, have preceded major rallies. Based on reports, similar channel breakouts were visible before the 2013 surge to about $1,163, the 2017 rise past $19,000, and the 2020ā2021 rally that pushed prices above $69,000. He says the current channel began forming in April 2022, and that a modest āblipā upward could push Bitcoin to $175,000. That target would require roughly a nearly 43% rise from $122,620. Short-term swings have ranged from $115,000 to $125,000 this week, while the present price sits near $121,900. #BTC ā $175K Is Just a Blip: If we look at the historical behavior of #BTC on a 3-month time frame, we can see a clear channel formation. In the past three cycles, weāve consistently seen a breakout at the end of these channels. While diminishing returns are evident, they areā¦ pic.twitter.com/TabFoVlXBT ā EGRAG CRYPTO (@egragcrypto) October 8, 2025 Targets And Risks To Watch Egrag outlined a range of possible outcomes. He placed $175,000 as his primary target. He also suggested a midpoint near $250,000 and an upper scenario around $400,000. Those are ambitious numbers. They are presented as part of a longer-term view rather than promises of an immediate move. The analyst compared his Bitcoin call to a past gold forecastāhe set a $3,500 target for gold that later saw prices near $4,000āusing that as a reference for his forecasting approach. At the same time, on-chain data offer a mixed picture. Blockchain analytics firm Glassnode reported that 97% of Bitcoinās supply is now in profit following the recent rally. That high level of realized profit suggests many holders sit above their purchase price. Some analysts interpret elevated profit as a sign that markets may pause so investors can take gains. Related Reading: XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead Others point to crowded positions and rising leverage as signs that short-term volatility could increase. Reports have disclosed concern about what some call a āSuckers Rally,ā a spike that tempts late buyers and is followed by a drop. Market Behavior And Investor Moves Accumulation has been visible in many wallets. Some investors reallocated gains rather than selling out entirely, which, according to reports, can indicate a controlled rotation of capital rather than a panic sell-off. Featured image from Pixabay, chart from TradingView
Solana Looks Explosive: Cup And Handle Formation Teases Rally To $425 Target
Solana (SOL) is flashing a powerful bullish setup as it forms a classic cup and handle pattern on the monthly chart. With the 1.618 Fibonacci target sitting near $425 and the monthly MACD gearing up for a golden cross, momentum is building fast. As speculation around a potential Solana ETF approval heats up, traders are eyeing what could be the start of a major breakout rally. Cup And Handle Formation Signals A Major Bullish Setup Lark Davis, a well-known crypto analyst, recently shared an optimistic outlook on SOL, highlighting a significant technical formation that could set the stage for a major rally. According to Davis, Solana is currently developing a classic cup and handle pattern on its monthly chart. This setup often signals the potential for a strong bullish breakout once the pattern completes. Related Reading: Solana (SOL) Declines Again ā Is This A Dip Worth Buying For Recovery? He further explained that the 1.618 Fibonacci extension level, which often serves as a key target during large upward moves, sits around $425. Adding to the bullish case, Davis noted that the monthly MACD indicator is also forming a golden cross. This powerful technical signal typically marks the beginning of a sustained uptrend. Finally, with growing anticipation surrounding a potential Solana ETF approval, the analyst believes Solana could be on the verge of an exciting and rapid upward move, one that might redefine its position in the crypto market if the pattern unfolds as expected. Swift Recovery Pushes Solana Back Into Profit Territory Crypto VIP Signal, in a recent update, highlighted a notable shift in SOL market structure following a sharp move below the $200 level. The drop triggered a wave of liquidations among high-leverage long positions, causing weak hands to be shaken out of the market. This correction, however, proved short-lived as buying pressure quickly returned, showcasing strong support and renewed bullish momentum. Related Reading: Solana (SOL) Attempts Recovery ā Yet Lacking Momentum Could Stall Bullish Breakout Following the dip, SOL rebounded impressively, allowing long positions to secure over 16% in profit from their initial entry points. Looking ahead, the analyst noted that Solana could be gearing up for a move toward the $250 resistance level, which stands as the next major hurdle for the bulls. A successful break and close above this level could open the door for additional gains and confirm the continuation of the broader uptrend. In terms of strategy, Crypto VIP Signal advised traders to maintain their long positions while implementing a stop-loss at breakeven to protect profits from any unexpected volatility. With bullish momentum returning to the market, careful position management could ensure traders remain well-positioned for the next potential leg higher. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin Needs Only A Minor Push To Reach $175K: Analyst
Bitcoin traded just above $121,000 on Wednesday, holding onto gains after a drop from a recent peak above $126,000. According to analyst Egrag Crypto, a small market move could trigger a much larger rally, building on a pattern he says has repeated across past cycles. Related Reading: XRP Fear Index Spikes To 6-Month High, And That Could Spark Its Next Breakout Historic Channel Breakouts Egragās view is based on a three-month look at price channels that, he argues, have preceded major rallies. Based on reports, similar channel breakouts were visible before the 2013 surge to about $1,163, the 2017 rise past $19,000, and the 2020ā2021 rally that pushed prices above $69,000. He says the current channel began forming in April 2022, and that a modest āblipā upward could push Bitcoin to $175,000. That target would require roughly a nearly 43% rise from $122,620. Short-term swings have ranged from $115,000 to $125,000 this week, while the present price sits near $121,900. #BTC ā $175K Is Just a Blip: If we look at the historical behavior of #BTC on a 3-month time frame, we can see a clear channel formation. In the past three cycles, weāve consistently seen a breakout at the end of these channels. While diminishing returns are evident, they areā¦ pic.twitter.com/TabFoVlXBT ā EGRAG CRYPTO (@egragcrypto) October 8, 2025 Targets And Risks To Watch Egrag outlined a range of possible outcomes. He placed $175,000 as his primary target. He also suggested a midpoint near $250,000 and an upper scenario around $400,000. Those are ambitious numbers. They are presented as part of a longer-term view rather than promises of an immediate move. The analyst compared his Bitcoin call to a past gold forecastāhe set a $3,500 target for gold that later saw prices near $4,000āusing that as a reference for his forecasting approach. At the same time, on-chain data offer a mixed picture. Blockchain analytics firm Glassnode reported that 97% of Bitcoinās supply is now in profit following the recent rally. That high level of realized profit suggests many holders sit above their purchase price. Some analysts interpret elevated profit as a sign that markets may pause so investors can take gains. Related Reading: XRP Open Interest Nears $3B As CEO Sees $10B ETF Inflows Ahead Others point to crowded positions and rising leverage as signs that short-term volatility could increase. Reports have disclosed concern about what some call a āSuckers Rally,ā a spike that tempts late buyers and is followed by a drop. Market Behavior And Investor Moves Accumulation has been visible in many wallets. Some investors reallocated gains rather than selling out entirely, which, according to reports, can indicate a controlled rotation of capital rather than a panic sell-off. Featured image from Pixabay, chart from TradingView