I have been seeing a lot of people on X charting a high time frame cup and handle for BTC.

I was scanning my watchlist in Trading View and noticed that Solana is also forming a cup and handle on the weekly time frame.

One of the great things about trading view is they provide an educational section that covers a multitude of topics.

I used this tool to review some commonly noted criteria for cup and handle and the SOL chart checks out.

We see a rounded bottom formation. The current price action is following a parallel channel forming the handle of our high time frame cup.

So far we have not re-traced more than 50% of the cup. I’ve noted a demand zone, which also happens to be a bullish order block (blue box).

We wicked into once, but I can see price revisiting that area potentially once more before we head higher.

The interesting thing is if we draw our target for the cup and handle we arrive at a price that coincides with us hitting the 2.618 of a Fibonacci extension for our handle price action.

Could it all line up so perfectly?

That would be a retrace to almost exactly 50% of the cup and an extension to the 2.618 Fib level.

This puts our price target at $375 for SOL at the peak of our bull market.