Solana is capturing the attention of international investors after consolidating a Solana cup and handle pattern on its daily chart. This technical event occurs this Tuesday as the asset attempts to surpass a key resistance zone located at 145 dollars.
According to market analysts, this price structure suggests an imminent upward breakout driven by institutional flows. The report highlights that the altcoin has spent months in a compression phase that now appears to be reaching its definitive end.
Likewise, the asset has managed to reclaim and sustain its fifty-day moving average for the first time in several months. In this way, the price structure shows a reduction in volatility that usually precedes the execution of large-scale expansive movements soon.
Therefore, the bulls try to regain market control after months of lateral consolidation that was prolonged and tedious. This change in the technical trend marks an important transition from a corrective phase toward a market with clear growth intention toward new annual highs.
In addition, several traders highlighted that smart money was discreetly accumulating positions while the general sentiment was bearish. Likewise, net flows into spot Solana ETFs in the United States reached positive figures recently.
The accumulated institutional demand offers a solid structural support against any potential pullback. It is relevant to note that in the last session alone, inflows of over ten million dollars were recorded, led mainly by Bitwise’s BSOL fund.
A high-precision technical setup signaling the start of a new bullish trend
On the other hand, the current technical formation reflects a phase of gradual accumulation followed by a controlled and healthy pullback. These types of signals on the blockchain are interpreted by experts as a confirmation of the trend’s strength in the current market.
In this way, Solana positions itself as one of the most active networks with the highest projected appreciation. Thanks to this, institutional investor confidence remains at maximum levels during the start of this operating quarter, providing stability to the global digital asset ecosystem.
However, it is necessary to consider the liquidity zones that could act as price magnets before the definitive breakout. Exchange heatmaps indicate that cumulative liquidations worth one billion dollars exist near the 130 dollar mark.
Therefore, a small pullback before the final breakout is very likely according to the analyzed exchange data. Nevertheless, the underlying bullish trend remains intact as long as support is respected at the fundamental short-term moving average, which maintains optimism among technical analysts.
Will ETF capital inflows be able to overcome market liquidation risks?
Thus, the success of the move toward $190 will depend exclusively on the ability to absorb the existing supply. Short position liquidations are concentrated near 160 dollars, which could accelerate the upward momentum in a violent way.
It is also relevant to mention that cumulative net flows this year already exceed 1.14 billion dollars without recording significant outflows. In this way, the buyers have the necessary support to face the resistance of historical upper levels and seek much more ambitious price targets.
Finally, Solana is at a technical crossroads that will define its behavior for the rest of the current fiscal quarter. If the asset manages to close a daily candle above $145, the path to $190 will be completely clear. Therefore, traders should closely monitor the asset’s daily close to confirm the statistical validity of the observed pattern. The market expects a positive resolution driven by constant institutional adoption and the general improvement of sentiment within the cryptocurrency sector.
