Technical analysis by shirus0001 about Symbol SOL: Buy recommendation (10/24/2024)

I expect SOL to break out of a large cup and handle pattern, which usually signals a bullish trend. This pattern shows the price has consolidated, forming a rounded bottom (the cup) and a slight pullback (the handle) before a potential rise. If the breakout happens, my target for SOL is between $380 and $400, which would mean about a 120% gain. I’ll be watching trading volume closely, as higher volume can support the breakout.