Solana price is back in the spotlight this week, prominent analyst Ali Martinez shared a bullish chart setup on X (formerly Twitter). According to his post, SOL’s breakout could send its price all the way up to $1,315.
In the tweet, Ali wrote: “Solana $SOL is breaking out of a textbook cup and handle pattern, with a breakout target of at least $1,315!” The SOL chart he shared shows a long-term formation that’s often associated with trend continuation, backed by strong price action and Fibonacci levels that go even higher.
What you'll learn 👉
What’s This Cup and Handle All About?
Between late 2022 and mid-2024, Solana gradually carved out a rounded bottom, forming the “cup.” That low point came in near $8. The top of the cup, also called the neckline, formed between $195 and $255. That’s where SOL price kept getting rejected until this month.
Then came the “handle”, a downward-sloping pullback that lasted through the first half of 2025. SOL dipped as low as $105 but stayed within a clean descending channel. That pattern finally broke to the upside around mid-July, right as trading volume began picking up.
SOL Price Fibonacci Levels and Breakout Targets
Ali’s chart uses the depth of the cup to estimate a breakout target, and that brings us to $1,315, right at the 1.414 Fibonacci extension level.
There are a few other levels to watch too: $295 lines up with the 1.0 Fib, $767 at 1.272, and a much more ambitious level at $2,744 if momentum goes full steam ahead.
This kind of move assumes the bullish pattern plays out as expected. On the flip side, previous support levels, like $74, $46, and $31, mark key zones where buyers previously stepped in.
Read Also: Why Raydium Might Be the Best Solana Trade of the Year
What’s Happening With SOL Price Right Now?
As of now, SOL is trading around $185.63, just below the $201.70 level highlighted in Ali’s chart. At the time of that chart, the weekly candle was already up 11%, which helped confirm the breakout.
SOL price also cleared multiple resistance levels, both horizontal and diagonal, which strengthens the case for continuation.
Volume came in strong as the breakout happened, which is something traders always look for in these setups. If SOL price can hold above the $195–$255 zone, it may continue climbing toward those higher targets.
What This Means for Traders
SOL setup checks a lot of boxes: long-term accumulation, clear breakout from a well-defined pattern, and bullish Solana price action backed by volume.
While nothing’s guaranteed, traders are watching closely to see if the pattern plays out, and if that $1,315 target is within reach in the coming weeks or months.
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