SOL eyes $190 as a key trend reversal Bullish
Steady ETF earnings, bullish cup and chat chart patterns, and improving sentiment across the crypto market could boost Solana's price to $190.
Solana (SOL) is getting more attention from traders now that the price structure is narrowing below the key resistance zone. After months of consolidation, analysts suggest the altcoin may be preparing for a critical trend break.
Main Receptors:
Solana established a higher time-frame cup and handle pattern targeting around $180 to $190.
SOL bounced back above its 50-day moving average for the first time since September 2025.
Spot SOL ETF earnings remain consistently positive through 2026, bolstering demand despite near-term downside risks.
The SOL bulls may be back.
Since November 14, 2025, Solana has consolidated in a tight range of $120 to $145, forming a cup-and-hold pattern on the daily chart. On higher time frames, this pattern is widely seen as a continuation signal, reflecting gradual accumulation and a controlled pullback that imposes volatility before expansion.
The $145 resistance has quadrupled SOL rallies over the past three months, and a break above it could trigger a subsequent rally. A confirmed breakout from the system could quickly move SOL closer to its measured target of $180, a 25% upside from current levels.
For the first time since September 2025, it has cleared the 50-day moving average and sustained support above it.
Crypto trader Nekozi also noted the bully's organization;
“The bottom of the $SOL circle is painting a major. There's a big breakout on the daily chart. If everyone was struggling at $120, the smart money was stacking up. Next stop: $190+. Don't short this clean reversal trend.”
Related: Solana Policy Institute urges SEC to exempt DeFi developers from exchange rules
SOL liquid zones and ETF flows adjust the risk
Data from CoinGlass highlights Solana's key profile points. Liquidity heatmaps show cumulative long liquidity of more than $1 billion on the downside of $15 to $130, indicating exposure if support fails.
In contrast, short liquidity is concentrated around $160, with around $520 million likely to be forced to reverse, which could accelerate the reversal if resistance is broken. Therefore, a slight dip is more likely based on higher liquidity near the $130 support.
Spot SOL exchange traded funds (ETFs) flows continue to provide structural support. US spot ETFs recorded $10.7 million in net income of $8.6 million, led by Bitwise's BSOL.
Year-to-date cumulative net income rose to $1.14 billion from $1.02 billion, highlighting steady demand without any recorded outflows.
Related: Three ETH price charts suggest a trip to $4K may be on the way
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision. While we strive to provide accurate and up-to-date information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph shall not be liable for any loss or damage arising from reliance on this information.
