Solana (SOL) is testing short-term support near $75, while a broader multiyear cup-and-handle structure continues to underpin the long-term bullish thesis. A successful hold of current levels could drive SOL toward the $80–$84 range, though a projected $1,000 price target would require several major breakout confirmations.

The setup matters because the current market structure links two very different timeframes: a near-term support test that may determine whether SOL can regain momentum, and a weekly chart pattern that remains unconfirmed until price clears much higher resistance. That distinction is important for readers weighing short-term technical levels against longer-term chart projections.

Long-Term Cup-and-Handle Formation Points to Potential $1,000 Target

Analyst CryptoCurb has identified what appears to be a multiyear cup-and-handle pattern on Solana's weekly chart, projecting a possible move above $1,000 if SOL completes a confirmed breakout. The bullish target remains highly speculative, however, as price continues to trade within the pattern's descending handle.

The rounded cup formation spans from Solana's 2021 peak through its recovery into 2024. Since then, SOL has moved inside a downward-sloping channel that the analyst identifies as the handle portion of the formation.

SOL is currently trading near $74, close to the lower boundary of that channel. Maintaining the broader $64–$74 support region would preserve the pattern structure and could provide a foundation for another recovery attempt.

A cup-and-handle setup is not considered confirmed until price breaks above the handle's upper resistance. Based on the chart, SOL would first need to reclaim the $120–$160 region before challenging stronger resistance near $200 and the previous all-time highs around $250–$300. A sustained breakout above those levels could support long-term price expansion, although reaching $1,000 would require substantial growth and multiple intermediate breakouts. The chart's projected path should be treated as a potential scenario rather than a confirmed forecast.

For that reason, weekly closes and follow-through above resistance would be more meaningful than an isolated intraday move. In technical analysis, failed breakouts can quickly return price to prior support zones, especially when a pattern is still developing inside its handle.

Conversely, a decisive breakdown below approximately $64 would weaken the structure and raise the risk that the handle evolves into a broader continuation of Solana's downtrend.

Short-Term Price Action Hinges on $75 Support

On a shorter timeframe, Solana is testing a key support zone near $75 after retreating from recent highs. Analyst AnnieShr noted that a successful defense of this area could support a recovery toward $79–$80 before SOL attempts a larger breakout above $82.

The four-hour chart shows Solana returning to the same region that previously acted as resistance before its late-June rally. Holding this level could confirm that buyers are turning the former breakout area into support.

The first major obstacle sits near $79–$80, where price has faced repeated rejection. A confirmed four-hour close above that range could restore bullish momentum and open a path toward $82 and the previous high near $84.

SOL remains vulnerable while trading below resistance, however. A decisive break under $75 would weaken the reversal setup and could expose lower support near $70. Further selling pressure could bring the $63–$66 region back into focus.

For now, $75 stands as the pivotal level separating a potential rebound from another corrective move. The immediate levels to monitor are whether SOL can hold the $75 area, reclaim $79–$80, and then sustain any move above $82 before the broader weekly pattern becomes relevant again.

Source: Coinpaper