Peter Brandt Spots 106% Cup-and-Handle Setup on Solana Chart
- —SOL climbed from $110.69 to $119, breaking above the $112.50 resistance
- —$33.7 million in SOL positions were liquidated in 24 hours, with shorts at $30.42 million (90%)
- —SOL futures volume jumped 89% to $13.33 billion; open interest rose 9.1% to $7.28 billion
- —Solana ETFs have logged 12 straight weeks of inflows, totaling over $1.4 billion
Why it matters: A sustained break above $240 would confirm the multi-year pattern and open the door to a doubling in price, though an ADX near 20 signals no strong trend yet.
Source: Cryptonews.net