Veteran technical analyst Peter Brandt highlighted a "Cup and Handle" macrostructure on Solana's (SOL/USD) 5-year weekly chart, indicating the final stage of compression. Brandt suggests a potential 106% surge from the current $116.29 to the pattern's upper boundary at $240, which could precede a larger macro breakout. The pattern's true potential, if it breaks above the $240 rim, could lead to long-term price targets in the thousands of dollars, according to technical analysis rules on a logarithmic scale. However, such large-scale structures are rare in crypto, and the pattern remains potential until the upper boundary is broken.