Solana's 5-Year Cup and Handle Coils for Potential 106% Run to Rim: Peter Brandt

Solana’s 5-year chart pattern approaches resolution as the asset coils for a 106% run to the rim, according to veteran Peter Brandt.

Gamza Khanzadaev · 21 Sep 2026 · 6 min read

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Solana’s 5-Year Cup and Handle Coils for Potential 106% Run to Rim: Peter Brandt

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Gamza Khanzadaev

Mon, 21/09/2026 – 17:05

Solana’s 5-year chart pattern approaches resolution as the asset coils for a 106% run to the rim, according to veteran Peter Brandt.

Solana's 5-Year Cup and Handle Coils for Potential 106% Run to Rim: Peter Brandt

Cover image via depositphotos.com

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Technical analyst Peter Brandt has published a weekly Solana (SOL/USD) chart, pointing to the final stage of compression in a rare macrostructure known as the “Cup and Handle” pattern.

According to the veteran trader, the current consolidation represents a “very significant long-term view of SOL.” The coin is currently trading at $116.29, showing potential for a local 106% surge toward the upper boundary of the pattern, which could serve as a springboard for a much larger macro breakout.

*Weekly SOL/USD chart showing a multi-year cup-and-handle pattern, Source:* *Peter Brandt / TradingView*

The chart presented by Brandt covers Solana’s five-year development cycle. The left side of the “cup” begins at the peak of the 2021 all-time high, after which the asset went through the deep bottom of the late-2022 crypto winter near $9. The recovery toward the 2024 highs completed the outline of the cup and transitioned into a two-year sideways trading range, forming the “handle” of the pattern.

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According to the rules of technical analysis on a logarithmic scale, a local 106% move (from the current $116.29 to the historical resistance at $240) is only the first phase required to reach the rim of the cup.

The true potential of the pattern is revealed in the event of a clean breakout above this boundary. Historically, in traditional markets, particularly gold, the completion of similar multi-year consolidations has led to powerful bullish cycles comparable in magnitude to the full depth of the cup.

On Solana’s logarithmic chart, the distance from the bottom ($9) to the rim ($240) represents a roughly 26.6-fold increase. If the classic scenario plays out, projecting the same ratio upward from the breakout point technically opens the door to long-term SOL price targets in the thousands of dollars.