Solana chart forms cup-and-handle with breakout target near $180–$190

Solana (SOL) is trading beneath a key resistance after months of consolidation and has formed a high-time-frame cup-and-handle pattern that analysts say could propel the price toward $180 to $190. Since November 14, 2025, SOL has consolidated in a tight $120 to $145 range, with the $145 resistance capping rallies four times over three months.

A confirmed breakout from the pattern could fast-track SOL toward an immediate measured target near $180, roughly a 25% upside from current levels. On higher time frames the formation is viewed as a continuation signal reflecting gradual accumulation followed by a controlled pullback.

Adding to the bullish case, SOL has reclaimed and sustained acceptance above its 50-day moving average for the first time since late September 2025. CoinGlass data shows cumulative long liquidations exceeding $1 billion on a $15 downside move toward $130, while short liquidations cluster near $160 where roughly $520 million could be forced to unwind.

Spot SOL ETFs recorded $10.7 million in net inflows in the latest session, led by Bitwise’s BSOL with $8.6 million, and year-to-date cumulative net inflows have risen from $1.02 billion to $1.14 billion. Crypto trader NekoZ also noted: "The $SOL rounding bottom is painting a masterpiece.

Key Topics

Crypto, Solana, Spot Etf, Bitwise, Bsol, Coinglass