Content Writer
Harvey Hunter
Content Writer
Harvey Hunter
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Despite a 4.5% nosedive over the past 24 hours, shaking near-term momentum, a rare chart pattern adds weight to a bullish long-term Solana price outlook with a potential 30x gain.
Popular X analyst Trader Tartigrade has identified a massive cup-and-handle pattern stretching back to 2021, calling the breakout “imminent” as the altcoin reclaimed the $200 level this week.
The neckline of this formation sits around $250, the last key resistance barrier to its potential target between $4,800 and $6,000—a 3,000% gain from current levels.
While that may seem ambitious, Solana has yet to price in several of its own fundamental catalysts, currently facing only retail-driven demand under wider market tailwinds.
That could change with the October 10 deadline for a potential spot SOL ETF, which could open the gates to previously untapped traditional investment markets if approved.
This goes hand in hand with the CLARITY ACT, expected to be signed into law around the same time, which stands to unlock demand from institutions waiting on regulatory clarity.
That said, Tardigrade notes the pattern will likely take multiple years to reach its peak, labelling the trade a “long-term investment.”
Solana Price Prediction: How Imminent is the Breakout?
A rejection at $205 may be short-lived with the breakout of an ascending triangle forming since the mid-April market bottom.
While the post-breakout momentum has stalled at this level, the pattern projects a 54% move higher to retest Solana’s all-time high around $297.50.
However, this bullish case currently tests a make-or-break level with immediate support at $185 acting as the final buffer before a potential fall back below the triangle’s upper trendline.
This would rule out the move as a false breakout and reopen the pattern for further consolidation, delaying Trader Tartigrade’s cup-and-handle breakout.
Momentum indicators offer a mixed signal. The RSI has reclaimed neutral ground near 52 after cooling from deep overbought territory at 86, suggesting a more stable base.
But the MACD line warrants caution with a recent death cross below the signal line. While a lagging indicator, it could suggest that the short-term downtrend is not yet over.
If the upward move turns out to be a false breakout, the next key level to watch $165, as likely profit-taking and a shakeout of weak hands sets a lower floor.
$6,000 Solana is Years Away – Here’s How to Find Quicker Gains
With Solana’s 30x target still years away, holders stand to make the most of the fresh retail liquidity by exploring the low-cap meme coins in its ecosystem—but that comes with risk.
That’s where Snorter ($SNORT) steps in. Its purpose-built trading bot is engineered to spot early momentum, helping investors get in before the crowd, where the real gains are made.
While trading bots are not a new concept, Snorter has been designed specifically for sniping with limit orders, MEV-resistant token swaps, copy trading, and even rug-pull protection.
It’s one thing to get in first, it’s another thing to know when to sell—Snorter Bot can help.
The project is off to a strong start—$SNORT has already raised over $2 million in its initial presale weeks, likely driven by its high 178% APY on staking to rewards early investors.
You can keep up with Snorter on X, Instagram, or join the presale on the Snorter website.
