Key takeaways:
Solana is mirroring BNB’s rally for 2024–25, targeting a move above $295.
A cup-and-handle pattern suggests SOL could reach an upside target of around $540.
Solana (SOL) seems to be following a nearly identical chart pattern as BNB (BNB), indicating it might be poised for its own breakout.
SOL price could spike 20% in the coming weeks
A comparative analysis of SOL and BNB weekly charts reveals striking similarities over the past year, as noted by BitBull on Thursday.
Since early 2024, both BNB and Solana have shown almost identical market structures.
Each experienced a sharp initial rally, followed by a multi-month reaccumulation phase from mid-2024 to early 2025, characterized by sideways movement and corrective pullbacks before resuming their upward trends.
For BNB, this setup culminated in August 2025, when it reclaimed its former all-time high of $794.30. The breakout gained momentum rapidly, and within weeks, BNB’s rally reached a new record high above $1,000 on Thursday.
Solana now seems to be entering the same breakout phase that drove BNB’s tremendous rise, with a potential breakout above its current record high nearing $295 within a month, representing a gain of about 20% from the current levels.
This pattern highlights how investor behavior often echoes across markets: early uptrends attract momentum, consolidations flush out weak participants, and renewed liquidity inflows facilitate a resumption of the uptrend.
For example, Ether (ETH) jumped from ~$10 to ~$400 in the first half of 2017, entered a six-month reaccumulation phase, and then broke out again to reach around $1,400 by January 2018.
This structure resembled Bitcoin’s (BTC) earlier cycle in 2013.
SOL technical pattern indicates a 120% rally
Solana is forming a classic bullish continuation pattern known as a “cup and handle,” setting the stage for a possible breakout to new highs.
The weekly SOL/USDT chart depicts the “cup” phase emerging from the lengthy bottoming process spanning late 2021 to mid-2023, followed by the “handle” consolidation extending into 2025.
This structure has established a neckline resistance near $267, which SOL has been attempting to break out of since November 2024.
A decisive close above this neckline could trigger the next upward leg, with a technical breakout target suggesting a rise to above $540, representing a 120% increase from current levels, potentially by the year’s end or early 2026.
Related: How to use Grok 4 to predict altcoin pumps early
SOL’s weekly relative strength index (RSI) remains below the overbought threshold of 70, even with steady gains, further suggesting there is room for growth.
This article does not provide investment advice or recommendations. Every investment and trading decision involves risk, and readers should perform their own research before making a decision.
