Technical analysis by AliferCrypto about Symbol SOL: Buy recommendation (5/16/2025)

SOLUSDT has formed a Cup & Handle pattern on the weekly chart, and arguably already broke out of the handle.The measured move target based on the linear depth of the cup is ~$510.Key Levels to Watch• ~$100: Local low and 0.618 Fib of the cup depth, a typical handle retracement in a Cup & Handle pattern.• $260: Cup & Handle neckline and key horizontal resistance. A decisive weekly close with strong volume above this level would confirm the pattern and activate the measured move target.• $510: Measured move target based on the depth of the cup from the neckline.ConsiderationsVolume confirmation remains key. A breakout above $260 with strong volume could validate the pattern and open the path to $510.