Main Insights:
Solana is reflecting BNB’s anticipated rally from 2024 to 2025, targeting a breakout above $295.
A cup-and-handle formation indicates SOL’s potential target near $540.
Solana (SOL) seems to be following a nearly identical path as BNB (BNB) on the charts, hinting it might be approaching its own breakout.
SOL price could increase by 20% in coming weeks
An analysis comparing SOL and BNB weekly charts reveals striking resemblances over the past year, as noted by BitBull on Thursday.
Both BNB and Solana have exhibited nearly identical market structures since early 2024.
Both experienced a rapid initial rally, followed by a prolonged reaccumulation phase between mid-2024 and early 2025, characterized by sideways movements and corrective pullbacks before continuing their uptrends.
For BNB, this setup culminated in August 2025, when it reclaimed its previous all-time high of $794.30. The ensuing breakout gained momentum quickly, with BNB reaching new heights above $1,000 shortly thereafter.
Solana appears to be transitioning into a similar breakout phase that propelled BNB’s significant rise, aiming for a breakout above its current record high of around $295 within a month, equating to roughly a 20% increase from present levels.
This pattern emphasizes the tendency for investor behavior to echo across markets: early rallies generate momentum, consolidations wash out weaker participants, and renewed liquidity inflows facilitate the uptrend’s continuation.
For example, Ether (ETH) surged from ~$10 to ~$400 in the first half of 2017, underwent a 6-month reaccumulation phase, and then broke out again to reach approximately $1,400 by January 2018.
The pattern mirrored Bitcoin’s (BTC) earlier cycle in 2013.
SOL’s technical formation suggests a 120% gain
Solana is forming a classic bullish continuation pattern known as a “cup and handle,” setting the stage for a potential breakout to new highs.
The weekly SOL/USDT chart illustrates the “cup” phase developing during the lengthy bottoming process from late 2021 to mid-2023, followed by the “handle” consolidation extending into 2025.
This setup has formed a neckline resistance at around $267, which SOL has been attempting to break since November 2024.
A decisive close above this neckline may trigger the next upward movement, with a technical breakout target projected to exceed $540, representing a 120% increase from current prices, by the end of the year or early 2026.
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SOL’s weekly relative strength index (RSI) remains below the overbought level of 70, indicating there is still room for growth.
This article does not provide investment advice or recommendations. Every investment and trading action involves risk, and readers should conduct their own research when making decisions.
