Key Points:
According to the analysis, when both crypto tokens successfully complete the cup and handle patterns, Bitcoin and Solana can reach new highs in parabola.
The BTC price and Sol Price targets are $230,000 and $4,390, respectively.
Sol/USD must provide nearly 3,000% profit to reach the top level of breakouts.
Bitcoin (BTC) can reach $230,000 if the classic breakout movement is completed successfully. The new forecast states.
In his latest analysis, popular X-content creator Trader Alan has achieved a $4,390 Solana (SOL) price target.
Solana “waits” for a breakout with a $4,390 target
Bitcoin has taken action for seven weeks within a narrow range, but over time, expectations have risen as to where BTC price action will go next.
For trader Alan, the familiar chart pattern holds the key. So far, progress is exactly what the Bulls want.
“Bitcoin and Solana Cups and Handle Patterns on the monthly chart,” he told X Followers, adding that Sol/USD is currently trying to copy BTC.
The cup and handle pattern is a well-known bullish setup, with prices often returning to previous highs, integrated and subsequently explosive results.
As reported by Cointelegraph, BTC/USD had already completed its long-term cups and handles from its peak in 2021 to its decline in 2022, followed by its first trip of $100,000.
“$BTC splits the handle and $SOL is still waiting for a breakout,” Alan claims about the latest iteration of the pattern.
“This pattern sets $BTC and $SOL for targets of $230,000 and $4,390, respectively.”
Bitcoin control will suppress altcoins
The BTC/USD target still represents a profit of 115%, but it is relatively modest when viewed next to the Solana roadmap.
Related: Bitcoin prices could reach $150,000 a week thanks to Trump’s “big beautiful bill”
Sol/USD is currently trading for around $150, but the pair’s all-time high since January 2025 is $294, and $294 per Cointelegraph Markets Pro and TradingView data.
However, in the absence of “Altseseason”, such parabolic movements face a major hurdle. The overall dominance of Bitcoin’s crypto market capitalization continues to rise, reaching its highest level, exceeding 65% since early 2021.
However, as Cointelegraph pointed out, BTC’s control reached 70%.
Previously, popular trader and analyst Rekt Capital added that this cycle may not require a 70% zone tag to start Altseason.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
