Is Solana about to "break the cocoon"? The cup handle suggests a 10X surge

The crypto market is witnessing positive signs from Solana, the 6th largest cryptocurrency in the world by market capitalization. With new growth momentum and optimism from analysts, SOL is approaching a moment that could mark an important turning point.

As of now, SOL is trading at $158.12, recording a 4.2% gain in the last 24 hours. The market capitalization reached around $83 billion, accompanied by a trading volume of more than $4.3 billion – numbers that show the significant level of market interest in the token.

Technical Signal: Cup and Handle Pattern Indicates Breakout

Famous on-chain analyst Ali Martinez has made a promising statement about SOL. On the X platform, he wrote:

"Solana crossing the $200 threshold could drive a 5 to 10x bull run!"

Based on technical analysis, Martinez pointed out that the long-term chart of SOL is forming a "handle cup" pattern – a classic bullish pattern that usually precedes strong bullishness, if confirmed by a breakout of the resistance zone.

Currently, the $200 zone is acting as an important technical barrier for SOL. If it breaks through this level with high trading volume, the market could witness an explosive bull run, as expected by analysts such as Martinez.

On the contrary, the support zone of 125–130 USD has remained strong after several tests since the beginning of 2025. This provides a significant psychological anchor for long-term investors.

Cautious Perspective: More Realistic Goals?

Not everyone shares absolute optimism. Analyst AliferCrypto offers a more cautious perspective:

"I agree with the handle cup model, but applying the target on the logarithmic scale can be a bit overkill. I would choose a more realistic linear target — about $510."

Although the viewpoint may be somewhat conservative, this figure still implies a significant growth, further reinforcing the observation that SOL is in a potential accumulation phase for a major breakout.

Market data shows that SOL is regaining interest from speculators and long-term holders, especially as this token approaches a key resistance level. In the context of a slight recovery in the cryptocurrency market and a return of capital to top layer-1 projects, Solana is emerging as a strong candidate for the next bullish wave.

Although nothing is guaranteed in the volatile cryptocurrency market, the current technical factors and market sentiment are leaning towards the possibility that SOL could make a strong breakout if it surpasses the 200 USD threshold. This will be a crucial moment that investors should closely monitor in the coming days.

Annie