- Solana is showing strong bullish signals, including a cup and handle pattern and rising buyer momentum.
- A breakout above $180 could pave the way for a new all-time high.
Solana (SOL) is showing promising signs of a major breakout, with bullish patterns and metrics pointing to a potential all-time high (ATH) — if momentum holds steady.
Currently trading just below the stubborn $180 resistance level, SOL has formed a classic cup and handle pattern on the daily chart. This technical setup often precedes explosive moves, especially when backed by strong volume and market sentiment. Traders are now closely watching for a decisive breakout that could propel Solana to fresh highs.
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Despite facing rejection at $180 over the past two weeks, signs remain optimistic. Indicators like the Chaikin Money Flow (CMF) have shown positive capital inflows, suggesting sustained investor interest. Additionally, the On-Balance Volume (OBV) metric confirmed that selling pressure remains limited, even as price momentum temporarily stalls.
The 50-day and 200-day moving averages also reflect a bullish tilt, offering further confirmation that the trend may favor buyers in the short-to-mid term.
But it’s not just technical patterns turning heads.
According to on-chain data from CryptoQuant, the Spot Average Order Size has yet to reflect a surge in whale participation — a sign that larger players might still be in the accumulation phase rather than taking profits. This lack of aggressive whale exits could mean they’re positioning for higher levels.
Meanwhile, the Spot Taker Cumulative Volume Delta (CVD) — which measures buyer versus seller aggression — finally flipped positive on May 25. Although still early, this shift could mark the beginning of a sustained period of bullish control, much like in November 2023, when SOL last broke past $180 after months of consolidation.
If Solana can maintain current buying pressure and break decisively above $180, a new ATH could be within reach. Traders and investors alike should keep an eye on volume surges, whale activity, and the continuation of bullish patterns in the days to come.
