In recent trading, Solana (SOL) has drawn increased interest as its price approaches a significant resistance level. Analysts observe that the altcoin has experienced a period of consolidation, suggesting it may be on the verge of a substantial trend shift.
Currently, SOL is trading within a tight range of $120 to $145, having formed a cup and handle pattern, which is typically seen as a bullish continuation signal. A breakout above the $145 resistance could propel the asset towards a target between $180 and $190, representing a potential increase of approximately 25% from its existing price.
Moreover, Solana has successfully reclaimed its 50-day moving average for the first time since September 2025, a development that historically indicates a transition from corrective phases to emerging trends. While near-term risks persist, data indicates positive ETF inflows, underscoring ongoing demand for SOL despite potential liquidation pressures.