Solana Aims for $190 Amidst Positive Trend

Market Analysis

Solana (SOL) is gaining increasing attention in the market as its price structure closes below a key resistance zone. After months of consolidation, analysts suggest that the altcoin may be poised for a decisive breakout.

Key Conclusions

Solana has formed a cup and handle pattern over a longer period, with a breakout target around $180 to $190. SOL has recovered and maintained above the 50-day moving average for the first time since September 2025. ETF flows for Solana remain consistently positive in 2026, solidifying demand despite immediate liquidation risks.

Are SOL Bulls Returning?

Since November 14, 2025, Solana has consolidated within a tight range of $120 to $145, outlining a cup and handle pattern on the daily chart. The $145 resistance zone has limited SOL rallies four times in the past three months, increasing the likelihood of a breakout that could trigger further rallies.

Risks and ETF Flows

Data shows key inflection points for Solana. Liquidation maps indicate cumulative long liquidations exceeding $1 billion in a $15 move toward $130, suggesting vulnerability if support gives way. Conversely, short liquidations concentrate around $160, where approximately $520 million could be forced to unwind, thereby accelerating bullish momentum.

Conclusion

This article does not contain investment advice. Every investment and trading move involves risks, and readers should conduct their own research.