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Solana has completed a significant breakout from a multi-year cup and handle formation, projecting a bullish target of $1,314. Technical indicators show strong momentum despite overbought conditions, with institutional holdings providing underlying support. The breakout confirms buyer control and sets the stage for potential new highs.
- Breakout from a three-year cup and handle pattern with Fibonacci extensions targeting $1,314
- Institutional holdings total $1.56 billion across eight entities, supporting long-term stability
- Technical indicators show overbought conditions but strong momentum with key support at the 20-day SMA ($208)
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