SOL Eyes $190 as Key Trend Turns Bullish
Solana's price is poised for a potential rally toward $190 due to a bullish chart pattern and positive ETF inflows.Summary
Solana (SOL) is showing signs of a significant upward move, targeting $180 to $190, driven by a high-time-frame cup and handle pattern forming on the daily chart after months of consolidation between $120 and $145. A confirmed breakout above the $145 resistance could trigger this rally. Adding to the bullish outlook, SOL has reclaimed and sustained above its 50-day moving average for the first time since September 2025, signaling a shift from a corrective phase to a trending market. Analyst NekoZ called the setup a "masterpiece," anticipating a move past $190. Structural support is reinforced by consistent net inflows into US spot SOL ETFs, which reached $10.7 million in the latest session, showing steady demand. However, traders should note liquidation clusters, with significant long liquidations possible near $130 if support fails, while short liquidations near $160 could accelerate upside momentum upon a resistance break.
(Source：Cointelegraph)