- SOL just hit a five-month high of $193, fueled by a 34% monthly gain and strong technical patterns.
- A cup-and-handle breakout could target $6,300 in the 2025–2026 window, though there’s no guarantee it plays out.
- On-chain activity and rising TVL (up 63% in 15 weeks) show Solana’s fundamentals are matching the hype.
Solana‘s on a serious run lately. After quietly building momentum over the past few weeks, SOL just popped to a five-month high, hitting $193 on Monday. That’s a 34% gain in the last 30 days—and analysts are starting to whisper about something much bigger brewing.
And by “bigger,” we mean way bigger. Multiple chart watchers now say Solana’s forming a textbook cup-and-handle pattern, with price targets that could shoot as high as $6,300 in the next year or two. That’s more than 30x from here… and not everyone’s laughing.
The Chart Pattern Everyone’s Talking About
Let’s talk charts. Since bottoming out around $10 in late 2022, SOL has already surged over 2,400%. But here’s the thing—it might just be getting started. According to analysts like Robert Mercer and Trader Tardigrade, Solana’s formed a massive cup-and-handle pattern across multi-year time frames.
Tardigrade sees the move unfolding on the two-month chart—stretching back four years—and thinks the breakout is “imminent.” The key levels? SOL already broke out of the handle above $155. Now all eyes are on that $250 neckline. If that cracks, the technical target points way up—like, $6,300 up.
Still, even seasoned analyst Thomas Bulkowski cautions that cup-and-handle patterns only hit their full upside about 61% of the time. So yeah, the setup’s legit—but no guarantees.
On-Chain Signals Are Heating Up Too
But this isn’t just hopium from the TA crowd. Solana’s network activity is surging. Daily active addresses are up 9% in just 24 hours, and transaction counts are climbing again like it’s 2021.
DeFi activity is booming, too. Solana’s total value locked (TVL) has jumped from $6.1B in early April to $10.3B—up 63% in just 15 weeks. That makes it the second-largest chain in DeFi behind Ethereum, which still dominates, but Solana’s catching up fast.
And unlike past cycles, it’s not just degens chasing memes. There’s serious developer activity, LST growth, and liquid staking plays across multiple platforms.
$6,300 Sounds Nuts… But Is It?
So, can Solana really 30x to $6,300? That’s a bold call—but not impossible if a full bull run plays out. The combination of strong technicals and real network traction is rare. Usually, one lags behind the other.
Right now, both are in gear. If Solana clears $250 and the broader market doesn’t fall apart, don’t be surprised if SOL goes vertical. And if it doesn’t? Well, even a partial breakout still makes this one of the hottest L1s to watch in 2025.
