Solana (SOL), a cryptocurrency, is currently trending among traders due to its Cup and Handle formation on the chart, signaling a bullish breakout. The price of SOL has bounced back from a bear market in 2023 and is currently trading at $216, 6% higher than a week ago. Experts believe the chart pattern could potentially take SOL to the $400-$500 range, indicating significant improvement. Staking metrics show strong confidence in Solana's market, with over $81 billion worth of SOL held in staking contracts. Increased activity in the Solana ecosystem, particularly in the memecoin space, further supports optimism for SOL's price movement. Short-term trends suggest a more conservative outlook for SOL, with an uptrend towards $260 in the shorter term. On a wider scale, long-term charts suggest SOL may retest its all-time high and rise to the $400-$500 area. SOL remains popular among investors, with a market capitalization of $101.29 billion.



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