Solana Shows Multi-Year Cup and Handle Pattern on Monthly Chart

⬤ Solana is catching traders’ attention as its monthly chart shows a textbook cup and handle pattern that’s been forming since the 2021 peak. The structure spans multiple years, with price carving out a rounded bottom before moving into what looks like the handle phase – a tighter consolidation near the top of the range.

⬤ Looking at the bigger picture, SOL built its base throughout 2022’s decline, then gradually climbed back through 2023 and 2024. That recovery pushed prices back toward old resistance levels, which now mark the cup’s rim. The handle itself appears as a shallower pullback with tightening price action, suggesting buyers are stepping in rather than bailing out.

⬤ Right now, the handle is forming just under a major resistance zone that’s rejected price several times before. What’s interesting is there haven’t been any aggressive selloffs during this consolidation – sellers aren’t really showing up in force. If SOL manages to break cleanly above this ceiling, it would complete the pattern and potentially signal the start of a new leg higher.

⬤ This matters beyond just SOL holders. As one of the most-watched layer-one blockchains, a confirmed breakout from this multi-year setup would suggest Solana has moved past recovery mode into something more constructive. That said, given how long this pattern took to develop, any major move would likely unfold gradually rather than overnight.