Solana’s price, denoted as SOL, is currently experiencing heightened interest among traders as it tightens its price structure under a significant resistance zone. Following a period of stabilization, analysts propose that the altcoin is on the verge of a crucial trend breakout.

Key Insights:

• Solana has established a high-time-frame cup and handle pattern with a potential breakout target between $180 to $190.
• SOL has successfully recaptured and maintained its position above its 50-day moving average, marking the first occurrence since September 2025.
• Consistent positive spot SOL ETF inflows in 2026 suggest sustained demand despite imminent liquidation risks.

SOL Bulls Could Be Making a Comeback

Since November 14, 2025, Solana has been caught in a narrow price range of $120 to $145, creating a cup and handle chart on the daily frame. This formation is regarded as a continuation signal, showing consistent accumulation followed by a structured pullback that reduces volatility before a breakout occurs.

The $145 resistance has stalled SOL rallies four times in the past three months, leading to increased chances that a breakthrough may trigger a follow-up rally. If the pattern confirms a breakout, it could propel SOL towards its immediate targets near $180, approximately a 25% upward shift from its current levels.

Adding to the bullish sentiment, SOL has regained its 50-day moving average, remaining above it for the first time since late September 2025. Historically, staying above this trendline signifies transitions from corrective phases to trending markets, indicating that sellers may be relinquishing control.

Crypto trader NekoZ observed the bullish formation and expressed:

“The SOL rounding bottom is painting a masterpiece. Massive breakout on the daily chart. While everyone was bearish at $120, the smart money was accumulating. Next stop: $190+. Don’t short a trend reversal this clean.”

Evaluating SOL’s Liquidity Zones and ETF Flows

Data from CoinGlass highlighted significant inflection points for Solana, with liquidation heat maps showing cumulative long liquidations surpassing $1 billion on a downward move towards $130, suggesting vulnerability if the support fails. Conversely, short liquidations are concentrated around $160, where roughly $520 million could be triggered to unwind, potentially boosting upward momentum if resistance is broken.

Spot SOL exchange-traded funds (ETFs) flows continue to offer structural support, with US spot ETFs registering $10.7 million in net inflows during the latest session, predominantly driven by Bitwise’s BSOL, which saw inflows of $8.6 million. Year-to-date net inflows have surged from $1.02 billion to $1.14 billion, highlighting robust demand without any recorded outflows, which may help cushion volatility during breakout attempts.