Technical analyst Peter Brandt has analyzed Solana (SOL/USD) using a weekly chart and identified the final phase of compression in a rare macrostructure known as the “Cup and Handle” pattern. According to Brandt, this consolidation marks a very significant long-term formation for SOL, which currently trades at $116.29. The technical setup suggests potential for a 106% rally toward the upper limit of the structure, around $240, with the possibility of a much larger breakout if resistance levels are surpassed.