---
title: "Solana Price Targets $6K After Major Cup-and-Handle Breakout"
url: https://diffcoin.com/solana-price-targets-6k-after-major-cup-and-handle-breakout/
description: "Key takeaways:SOL price has climbed to a five-month high, driven by strong technicals and rising network activity. Solana’s cup-and-handle pattern targets…"
published: 2025-07-21
updated: 2025-07-21
author: "Mila"
site: "Diffcoin"
---

# Solana Price Targets $6K After Major Cup-and-Handle Breakout

**Key takeaways:**

- SOL price has climbed to a five-month high, driven by strong technicals and rising network activity.
- Solana’s cup-and-handle pattern targets a SOL price of as high as $6,300.

Solana’s (SOL) price rallied 34% over the last 30 days, reaching a five-month high of $193 on Monday.

*SOL/USD daily chart. Source: Coitelegraph/* *TradingView*

Solana is 35% below its all-time high at $295, and multiple analysts believe that the sixth-largest cryptocurrency will enter price discovery soon.

## Solana targets $6,000 after bullish breakout

SOL price has already risen by over 2,400% since establishing a cycle low of around $10 in November 2022. In doing so, its price has painted a cup-and-handle pattern on multiple time frames.

***Related:*** ***SOL news update: Will multi-exchange liquid staking trigger rally to $185?***

Crypto investor Robert Mercer shared a chart showing SOL seeking a breakout from a cup-and-handle pattern, signaling a massive upward move once it is confirmed.

*SOL/USD 2-week candle chart. Source: X/@* Robert_Klondike

A “textbook cup-and-handle on $SOL,” Mister Crypto said about Solana’s weekly chart, adding:

> “I’m bullish here.”

Popular crypto analyst Trader Tardigrade said Solana’s price has also formed a cup-and-handle pattern on the two-month chart over a four-year period, targeting $4,800.

> “The breakout of the handle is imminent.”

> [#Solana](https://twitter.com/hashtag/Solana?src=hash&ref_src=twsrc%5Etfw) will reach $4,800 🔥
> 
> In a few years, this long-term investment could yield significant profits. 
> A cup and handle pattern has developed over 4 years on the macro 2-month chart. 
> The breakout of the handle is imminent.[$SOL](https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw)/M2 [pic.twitter.com/P3Hs3Jzdd6](https://t.co/P3Hs3Jzdd6)
> 
> — Trader Tardigrade (@TATrader_Alan) [July 21, 2025](https://twitter.com/TATrader_Alan/status/1947275634314727872?ref_src=twsrc%5Etfw)

The monthly chart shows that the price had broken above the cup’s handle at $155. The pattern will resolve once the price breaks above its neckline resistance at $250. If this happens, the price could rise by as much as the maximum distance between the cup’s trough and the neckline.

*SOL/USD weekly chart. Source: Cointelegraph/* *TradingView*

That puts SOL’s cup-and-handle breakout target for 2025–2026 at around $6,300, up by more than 3,000% from current price levels.

However, it is important to note that a cup-and-handle doesn’t always guarantee the full upside move. A study by veteran analyst Thomas Bulkowski found that only 61% of these setups reach their upper targets.

## High network activity backs SOL price rally

Strong onchain metrics, indicative of an active ecosystem, support SOL’s potential to stage a parabolic rally over the next few weeks.

Daily active addresses have increased 9% over the last 24 hours, reflecting robust user engagement. While the number of daily transactions has resumed its parabolic rise from 2024, per data from Nansen.

*Ethereum daily active addresses and transaction count. Source:* *Nansen*

Solana’s total value locked (TVL) has also risen to a six-month high of $10.3 billion on Monday from $6.1 billion on April 8, an increase of over 63% in 15 weeks, according to DefiLlama.

*Ethereum TVL and transaction count. Source:* *DefiLlama*

Solana boasts its position as the second-largest blockchain in terms of TVL with a market dominance of 6.28%, behind Ethereum, which is roughly ten times bigger, comprising 68%.

*Top blockchains compared by TVL market dominance. Source: DefiLlama*

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

[Source link](https://cointelegraph.com/news/solana-price-paints-textbook-pattern-potential-6k-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)