Solana Forms Bullish Chart Pattern With Breakout Target Near $190

TLDR

Table of Contents

SOL formed a cup and handle pattern with breakout target near $190.
SOL holds above its 50-day moving average for the first time since Sept 2025.
Net ETF inflows reached $10.7M in the latest session, led by BSOL.
Liquidation clusters near $130 and $160 may influence short-term volatility.

Solana (SOL) is approaching a key breakout zone as technical and on-chain indicators show growing strength. Traders are closely watching the $145 resistance, which has rejected the asset several times in recent months. With renewed buying activity and steady ETF inflows, market sentiment around Solana appears to be shifting.

A large cup and handle pattern is forming on the daily chart, which traders often associate with bullish trend continuation. If confirmed, this breakout pattern could send SOL toward $180 or even $190.

Bullish Chart Formation Suggests Trend Continuation

Solana has traded within a range of $120 to $145 since mid-November 2025. During this time, the price has formed a high-time-frame cup and handle pattern. This technical setup is known for showing accumulation, followed by a slight dip and consolidation before a potential breakout.

Market analyst NekoZ commented on the chart setup, calling it a “masterpiece” and suggesting that the rounding bottom structure could lead to a strong upward move. “While everyone was bearish at $120, the smart money was accumulating,” NekoZ said. He added that the price could reach above $190 if the breakout confirms.

A decisive move above $145 may act as a trigger point. The resistance at that level has held firm through four tests, which increases the chances of a breakout on the next attempt. The measured move of the pattern points to a possible 25% rise from current levels.

SOL Reclaims 50-Day Moving Average for First Time Since September

For the first time since late September 2025, Solana has reclaimed and sustained above its 50-day moving average. This trendline is closely followed by traders as it often signals a shift from correction to a more directional trend.

Staying above this average suggests a positive shift in momentum. Historical data shows that such crossovers have often preceded extended rallies in prior market cycles

The reclaim also shows that sellers are no longer dominating the short-term structure. This technical shift may encourage buyers to take stronger positions as confidence builds around a potential breakout.

ETF Inflows Remain Positive in 2026

ETF demand continues to support Solana’s market structure. In the most recent session, US-based spot SOL ETFs recorded $10.7 million in net inflows. Bitwise’s BSOL led the activity, contributing $8.6 million.

Year-to-date net inflows have grown from $1.02 billion to $1.14 billion. Importantly, there have been no recorded outflows in this period. This indicates steady institutional demand, which can provide a buffer during volatile phases.

These inflows add structural support to price action, especially during periods where market volatility rises due to external or technical factors.

Liquidation Zones Indicate Price Pressure Points

Data from CoinGlass shows that the largest clusters of liquidation risk are found near $130 and $160. A move below $130 could trigger more than $1 billion in long liquidations, which may lead to sudden downward pressure.

However, near the $160 level, about $520 million in short positions may be at risk. If SOL breaks above resistance, these short liquidations could accelerate upward momentum.