If Bitcoin and Solana’s cup and handle pattern are done

Key points:

• Analysis shows that if two crypto tokens successfully complete cup and handle modes, Bitcoin and Sorana can reach a parabolic high.

• BTC price and SOL price targets are $230,000 and $4,390, respectively.

• SOL/USD needs to provide nearly 3,000% of its gains to reach the highest level of breakthrough.

New forecasts point out that if the classic breakthrough move is successfully completed, Bitcoin (BTC) can reach $230,000.

In his latest analysis, popular X content creator Trader Alan offers a $4,390 Solana (Sol) price target.

Solana “waits” to break through with $4,390 target

Bitcoin took seven weeks in a narrow range, but as time went by, people were looking forward to where the BTC price action would be next.

For trader Alan, the familiar chart pattern has the key – progress so far is exactly what the Bulls hope for.

He told X followers: “Bitcoin and Solana Cup and the pattern on the monthly chart.” He added that Sol/USD is currently trying to copy BTC.

The cup and handle pattern is a well-known bullish setting in which the price returns to its previous highs, merges, and then continues to be higher, often with explosive results.

As Cointelegraph reports, BTC/USD has completed a long-term cup race and handle, from peaking in 2021 to low-key and back-up in 2022, followed by a first-time trip to $100,000.

Allen claims: “$btc breaks down the handle while $sol is still waiting for a breakout,” the latest iteration of the model claims that in the case of Bitcoin, the model extends the breakout to 2021 high.

“This mode sets $btc and $sol to the targets of $230,000 and $4,390.”

Bitcoin’s Advantages Make Altcoins Check

While the BTC/USD target still represents a 115% gain, it is relatively small when viewed next to Solana’s roadmap, with the graphical requirement rising nearly 3,000%.

Related: Thanks to Trump’s “Big Beautiful Bill”, Bitcoin price can reach $150,000 in a few weeks

SOL/USD is currently trading at around $150, while the couple’s all-time high from January 2025 is $294, with data from Cointelegraph Markets Pro and TradingView.

However, in the absence of “replacement”, such parabolic actions face significant obstacles. Bitcoin’s dominance over the entire cryptocurrency market capitalization continues to grow, exceeding 65%, reaching its highest level since the beginning of 2021.

However, as CoIntelegraph pointed out, the BTC dominance rate reaches 70%, historically coincides with the beginning of altcoin strength.

Earlier, popular trader and analyst Rekt Capital added that the cycle may not require 70% of the region’s label to start.

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.