It’s so overbought it practically needs therapy, but if it sneaks above $238, the sky might actually be the limit (or at least $1,300).
The Cup, The Handle, and the Long Crypto Wait
After three years of what I call “financial plumbing” (because that’s what a cup and handle looks like-who knew?), Solana has finally decided it’s done playing peekaboo with your wallet. The “cup” formed sometime between awkward Zoom calls in 2022 and 2023, and the “handle” is basically the crypto equivalent of leaving your coffee mug half full and ruining the vibe in 2024-2025.
Ali Martinez, who sounds like he’s got charts tattooed on his arm, announced on Twitter:
“$1,314.41 is the main target for Solana $SOL after breaking out of a cup and handle!”
– Ali (@ali_charts) September 12, 2025
To break it down, Fibonacci extensions-a.k.a. magical math voodoo-say Solana might slide past $295, wave hello at $787, and maybe dance all the way to $1,314. Meanwhile, it’s currently flirting with $238, up 15% this week because apparently, some people like living on the edge.
On the daily charts, Solana smashed an “ascending triangle,” which sounds like some yoga pose but basically means the price has been squeezing upward, making buyers nervous and sellers sweat.
Crypto King (because obviously) said:
“Finally today Solana showed its strength and broke the ascending triangle pattern with great compulsion. It is clear that new highs will be made now.”
Translation: Buy now or cry later. Targets for the near future are about $280, $300, and $360-assuming the momentum doesn’t take a coffee break.
The Tricks the Charts Are Playing on Us
Solana’s chilling around $239, cozying right up to an upper Bollinger Band at $232-that’s like flirting with danger while wearing very expensive shoes. It screams bullish but also yells, “Maybe take a breath?” The 20-day simple moving average at $208 is the kind of safety net your parents wished they had for you, while the lower band at $185 is the backup plan in case reality decides to intervene.
Then, there’s the Stochastic RSI, which is rocketing at readings of 100 and 94.19-basically, it’s screaming “I’m overbought!” louder than your uncle after three shots of tequila at Thanksgiving. Such readings usually mean a break or a nap, but hey, this rally might keep chugging like that annoying song you can’t get out of your head. 🙃
Big Money, Big Hopes
Turns out, the big institutional whales are not just dipping their toes-they have 6.55 million SOL tokens, stacking to about $1.56 billion. That’s like eight people from three countries pooling together to buy a yacht named “HODL,” owning 13.2% of the treasury and 1.21% of all Solana out there.
These big players aren’t just in for a quick gamble-they’re waving the flag for long-term support. With breakout signals blinking in every direction, Solana’s set its sights on $1,314.41, which might be a price or the name of a limited edition crypto-themed cocktail. Either way, buckle up.
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2025-09-12 20:39