Main Insights:
Solana is reflecting BNB’s rally from 2024 to 2025, aiming for a breakout past $295.
A cup-and-handle pattern suggests an upside target for SOL near $540.
Solana (SOL) seems to be following a nearly identical chart pattern to BNB (BNB), indicating it might be on the brink of its own breakout.
SOL price could climb 20% in weeks
A direct comparison of SOL and BNB weekly charts reveals remarkable similarities over the past year, as shown by BitBull on Thursday.
Since early 2024, both BNB and Solana have exhibited nearly identical market formations.
Each experienced a vigorous first-leg rally, followed by a multi-month reaccumulation period between mid-2024 and early 2025, marked by sideways consolidation and corrective pullbacks, before continuing their upward trends.
For BNB, this setup completed in August 2025, when it regained its prior all-time high of $794.30. The subsequent breakout gained speed, and within weeks, BNB soared to a new record above $1,000.
Solana now seems to enter the same breakout stage that propelled BNB’s parabolic ascent, targeting a breakout past its current record high of around $295, representing a 20% increase from its present levels.
This scenario illustrates how investor dynamics often mirror across markets: initial rallies attract momentum, consolidations eliminate weak hands, and renewed liquidity supports the continuation of the uptrend.
For instance, Ether (ETH) rose from ~$10 to ~$400 in the first half of 2017, underwent a six-month reaccumulation phase, and then broke out again to reach around $1,400 by January 2018.
The pattern appeared eerily similar to Bitcoin’s (BTC) earlier 2013 cycle.
SOL technical pattern indicates a 120% rally
Solana is forming a classic bullish continuation configuration known as a “cup and handle,” setting up for a potential breakout to new highs.
The weekly SOL/USDT chart indicates that the “cup” phase has developed during the lengthy bottoming shift from late 2021 to mid-2023, followed by the “handle” consolidation extending into 2025.
This formation has established neckline resistance around $267, which SOL has been attempting to breach for a breakout since November 2024.
A decisive closure above this neckline could initiate the next upward movement, with a technical breakout target estimated at over $540, a 120% increase from current price levels, by year-end or early 2026.
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SOL’s weekly relative strength index (RSI) remains beneath the overbought threshold of 70, despite consistent gains, further suggesting there’s room for growth.
This article does not include investment advice or recommendations. All investment and trading actions carry risk, and readers should perform their own research before making decisions.
