Solana (SOL) could be on the verge of a breakout, with chart patterns suggesting a 20% upside in the short term. Market watchers have noticed that Solana’s trajectory over the past year closely mirrors that of Binance Coin (BNB), which recently blasted to new record levels.
According to data highlighted this week, both assets have displayed nearly identical market structures since early 2024. First came a steep rally, followed by a lengthy period of sideways accumulation and corrective dips throughout mid-2024 to early 2025. Once this consolidation phase ended, the uptrend resumed.
For BNB, that setup resolved in August 2025 when the token reclaimed its prior all-time high of $794.30. From there, bullish momentum accelerated, pushing BNB above the $1,000 mark in just a few weeks.
Solana now seems to be entering a similar breakout stage. With its current peak sitting near $295, a successful push above that level could add another 20% to its price within the coming month.
This repetition of market behavior highlights a familiar cycle: strong rallies bring in momentum traders, consolidation phases shake out weaker positions, and renewed capital inflows drive the next surge higher. Historical examples include Ethereum’s rally from ~$10 to ~$400 in early 2017 before consolidating and later skyrocketing to $1,400, echoing Bitcoin’s earlier cycles.
Cup-and-Handle Formation Points to Bigger Gains
Beyond the BNB comparison, Solana’s own chart is forming a textbook “cup and handle” pattern. The long “cup” base developed between late 2021 and mid-2023, while the “handle” has been unfolding into 2025.
This structure has established key resistance near $267. A strong weekly close above that zone could confirm the breakout, setting a technical target above $540 — implying a potential 120% rally by late 2025 or early 2026.
Adding to the bullish outlook, Solana’s weekly relative strength index (RSI) is still below the overbought 70 level. This suggests the token may have additional room to run before momentum becomes overheated.
If history is any guide, Solana may be preparing for its own parabolic phase, much like BNB’s climb earlier this year.
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