The following are key points.
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According to an analysis, Bitcoin and Solana could reach new parabolic highs when both tokens complete the cup-and-handle pattern.
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BTC Price and SOL Price Targets are $230,000 & $4,390 respectively.
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SOL/USD needs to gain nearly 3,00% in order to reach the top breakout level.
BitcoinBTCA new prediction says that ) could reach $230,000 when a successful classic breakout is completed.
He is a latest analysis, the well-known X creator, Trader Alan delivered a gigantic $4,390 Solana.SOLPrice Target
Solana “waiting” Breakout with $4.390 Target
Bitcoin has been in the news for 7 weeks. within a narrow rangeThe anticipation of where the BTC prices will go next is increasing as time progresses.
For Trader Alan, a familiar chart pattern holds the key — and so far, progress is exactly what bulls are hoping for.
“Bitcoin and Solana Cup and Handle Pattern on monthly chart,” X told his followers that SOL/USD has been trying to mimic BTC.
The cup-and handle pattern is an established bullish setup where the price reaches a high and consolidates before continuing higher.
The following are some of the ways to get in touch with us. Cointelegraph reportedBTC/USD is already in the middle of a long term cup and handle. It has gone from its peak at 2021 to its lowest point and returned to that level, then made its first journey to $100,000.
“$BTC has broken out the handle while $SOL is still waiting for the breakout,” Alan makes a claim about the latest versions of the pattern. In Bitcoin’s instance, this extends the breakout past the 2021 high.
“This pattern sets $BTC and $SOL to targets of $230,000 and $4,390 respectively.”
The dominance of Bitcoin keeps altcoins at bay
Although the BTC/USD targets still represent 115%, they are modest compared with Solana’s roadmap that calls for gains in excess of 3,000%.
Related: Bitcoin price can hit $150K in weeks thanks to Trump’s ‘Big Beautiful Bill’
SOL/USD is currently trading at $150. The pair’s highest level from January 2025 was $294. Cointelegraph Markets Pro You can also find out more about the following: TradingView.
The absence of “altseason” However, a parabolic move like this faces major obstacles. Bitcoin continues to dominate the crypto-market cap, surpassing 65% and reaching its highest level since early 2021.
As a result, Cointelegraph notedBTC dominance reaching 70% coincides with altcoin strength.
Rekt capital, a popular analyst and trader in the market said earlier that altseason may begin without a 70% tag.
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Source: cointelegraph.com
