Since hitting its April low, SOL has surged by 61%, fueling speculation that it could soon stage a major breakout \u2014 especially as Ethereum struggles to reclaim the $2,000 mark.<\/p>\n
Technical signals point to a powerful rally ahead. Analyst Ali Martinez recently highlighted<\/a><\/strong> that Solana\u2019s weekly chart has formed a textbook \u201ccup and handle\u201d pattern, a bullish setup often preceding significant upside. If SOL breaks through the $260 resistance \u2014 the top of the \u201ccup\u201d \u2014 projections suggest a potential climb toward $510, implying a 240% increase from current levels.<\/p>\n Several catalysts are lining up to support this bullish scenario. There\u2019s growing optimism that a spot SOL ETF could secure regulatory approval this year, inviting fresh institutional inflows.<\/p>\n