- Solana (SOL) is showing signs of a major breakout, with crypto expert Ali Martinez predicting a 5X to 10X surge if it breaks above the $200 resistance.
- A confirmed cup-and-handle pattern could propel SOL toward the $1,000–$2,000 range.
Solana Eyes Breakout Amid Bullish Momentum
Solana (SOL), currently the 6th largest cryptocurrency by market cap, is making waves again in the crypto market. With its price climbing to $158.20 as of June 10—marking a +4.55% gain in just 24 hours—analysts believe the digital asset could be on the verge of something much bigger. Boasting a market cap of $83 billion and daily trading volume nearing $3.9 billion, SOL is showing renewed strength.
Expert: $200 Breakout Could Trigger Massive Gains
According to on-chain analyst Ali Martinez, a major price explosion could be imminent. In a recent post on X, Martinez stated:
“Solana SOL breaking above $200 could catalyze a major 5X to 10X bull run!”
Martinez points to a “cup-and-handle” pattern developing on the long-term SOL chart—a bullish technical formation that often signals the beginning of a powerful upward trend if confirmed with a breakout. This pattern suggests investor accumulation and potential for a sharp price rally once resistance is overcome.
Also read: Ethereum Reaches 148 Million Holders as Staking and ETF Inflows Boost Bullish Outlook
Key Level to Watch: $200 Resistance Zone
Currently, SOL faces stiff resistance at the $200 mark. This level is critical: a decisive breakout above it, especially with strong volume, would confirm the bullish chart pattern and potentially ignite a rally that could send prices skyrocketing.
If SOL breaks past $200, a 5X to 10X move could place Solana between $1,000 and $2,000, according to Martinez’s forecast—a staggering increase that could reshape the altcoin’s standing in the crypto hierarchy.
While markets remain volatile, the technical setup for Solana is one that traders and investors should not ignore. If the cup-and-handle breakout plays out, Solana could be one of the top performers in the next crypto bull cycle. For now, all eyes are on that crucial $200 level.
