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Solana forms monthly cup and handle pattern, testing key support for potential breakout.

Technical Signals
14 May 2026
Coinpaper
View Source
Bullish
pluang ai news

Solana (SOL) is currently forming a significant cup and handle pattern on its monthly chart, indicating a potential recovery after its 2022 decline. The price is testing the lower support of the handle, which is crucial for maintaining the pattern's validity. A confirmed breakout above the handle resistance and previous highs is needed to signal a strong upward move. Meanwhile, SOL also holds above a key long-term trendline on the weekly chart, suggesting the larger downtrend has weakened. The next major move depends on whether buyers can defend the current support and push the price toward higher resistance levels.

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