Solana (SOL) is forming a cup-and-handle pattern, suggesting a potential price surge exceeding 2,000%, targeting approximately $4,500. After hitting a cycle low of around $10 in November 2022, SOL has already increased over 2,000%. The cup-and-handle pattern indicates an initial U-shaped recovery followed by a consolidation phase. Currently, SOL is trading within the $100-200 range as traders assess the market's direction. Breaking the neckline resistance at $205 could trigger the projected gains. A historical analysis shows that while many cup-and-handle patterns achieve their targets, only 61% do so according to the research of analyst Thomas Bulkowski. The upcoming Bitcoin halving may also signify an altcoin season, where traders typically shift focus to altcoins after substantial Bitcoin growth. Historical trends suggest significant price increases for altcoins following Bitcoin halvings, with SOL's past performance illustrating this correlation. Investors must remain aware of inherent risks and conduct thorough research before making decisions.

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