Solana’s Price Surge: A Reflection of BNB’s Rally
Solana (SOL) appears to be following an almost identical chart pattern to Binance Coin (BNB), indicating that it may be on the verge of its own breakout. A side-by-side comparison of the two coins’ weekly charts shows striking similarities over the past year, as highlighted by Bitbull on Thursday.
BNB/USDT and SOL/USDT weekly price chart comparison. Source: Tradingview/Bitbull
Both BNB and Solana have followed almost identical market structures since the beginning of 2024. Each recorded a sharp rally for the first leg, followed by a multi-month reaccumulation phase between mid-2024 and early 2025, characterized by sideways consolidation and correction pullbacks before resuming their ascent.
Solana’s Potential Breakout
For BNB, this setup matured in August 2025, when it recaptured its former all-time high of $794.30. The breakout quickly gained momentum, and within weeks, BNB expanded its rally to a new record summit above $1,000 on Thursday.
BNB/USDT weekly price chart. Source: Tradingview
Solana now seems to be entering the same breakout phase, observing the parabolic increase of BNB and breaking out above its current record of around $295 within a month, which could rise to an increase of about 20% compared to the current level.
BNB/USD weekly price chart. Source: Tradingview
Technical Patterns Indicate a Rally
The pattern underlines how investor behavior tends to rhyme across markets: early rallies are dynamic, consolidation shakes out weak hands, and renewed liquidity inflows help the upward trend. For example, Ether (ETH) rose from ~$10 to $400 in the first half of 2017, entered a six-month reaccumulation phase, and then broke out again to reach around $1,400 by January 2018.
ETH/USD weekly price chart. Source: Tradingview
The structure looked almost identical with Bitcoin (BTC) earlier in 2013.
BTC/USD weekly price chart. Source: Tradingview
Solana’s Cup and Handle Pattern
Solana paints a classic bullish continuation pattern, known as a “cup and handle,” positioning it for a potential breakout to new heights. The weekly SOL/USDT chart shows the “cup” phase, which formed during the long consolidation process from late 2021 to mid-2023, followed by the “handle” consolidation in 2025.
SOL/USD weekly price chart. Source: Tradingview
A decisive close above this resistance could trigger the next leg higher, with a technical breakout target forecasted at 120% by the end of the year or early 2026.
Sol’s weekly relative strength index (RSI) remains under the overbought threshold of 70, which also indicates that there is more room for climbing.
This article does not contain investment advice or recommendations. Every investment and trade movement involves risk, and readers should conduct their own research before making a decision.
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