Solana chart 'cup-and-handle' positions SOL price for potential 2000% rally

SOL price is painting a near-perfect cup-and-handle pattern with a price target of around $4,500.

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Solana (SOL) may rise by more than 2,000% in the coming months, based on favorable chart technicals.

The so-called “Ethereum killer” has already risen by over 2,000% since establishing a cycle low of around $10 in November 2022. In doing so, its price trends have painted what appears to be a cup-and-handle pattern on the weekly chart, as spotted by veteran analyst Peter Brandt.

SOL/USD weekly price chart. Source: Peter Brandt

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