Solana Forms Bullish Pattern, Eyes Breakout Above $180
Key Takeaways
- Solana (SOL) is showing a bullish chart pattern: the classic “cup-and-handle” formation.
- A breakout above the $180 USD level could pave the way for a new all-time high.
- Indicators such as OBV (On-Balance Volume) and CMF (Chaikin Money Flow) suggest capital inflows.
- Whale activity remains subdued so far, indicating potential accumulation.
- A sustained increase in Taker CVD (Cumulative Volume Delta) could confirm a rally.
Chart Pattern Signals Potential Trend Reversal
In recent weeks, Solana has formed a well-known bullish pattern: the “cup-and-handle” formation. This pattern often points to a potential price increase. Attention is currently focused on the resistance at $180 USD. A breakout could open the door to a new all-time high.
Technical Indicators Support Bullish Scenario
Several technical indicators suggest a positive outlook. The OBV (On-Balance Volume) shows that despite multiple rejections at the $180 USD level, there is no strong selling pressure. At the same time, the CMF (Chaikin Money Flow) indicates capital inflows — a sign of growing investor interest.
Moving averages also show an upward trend, further reinforcing the bullish sentiment in the market.
Whale Activity Remains Under the Radar
An analysis of the average order size in the spot market provides insights into the behaviour of large market participants — so-called “whales.” Currently, there is no significant increase in whale activity, which may suggest that larger investors are speculating on further price gains and are in an accumulation phase.
Taker CVD: Early Indicator of a Potential Breakout
Another important indicator is the Taker CVD (Cumulative Volume Delta), which measures the balance between buying and selling volume in the order book. On May 25, the Taker CVD showed buyer-side dominance for the first time in weeks. If this trend continues, it could be a sign of a sustainable upward movement.
Notably, the last strong breakout above $180 USD occurred in November after a prolonged sideways phase — also accompanied by a buyer-dominant Taker CVD.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Adventure Slots – The Best Adventure-Themed Slots
Reading time: ~ 3 minutes
-
Best Cluster Pay Slots & Casinos 2025
Reading time: ~ 3 minutes
-
Versus Odds B.V. Casinos
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
Our Assessment
Solana is currently at a critical juncture. The technical setup is promising, particularly the “cup-and-handle” pattern. The indicators support a continuation of the upward trend, even though the $180 level has not yet been sustainably breached.
The cautious stance of large investors could be a positive sign — they may be waiting for the right entry point. If the buyer trend in the Taker CVD strengthens, a breakout above the resistance is realistic. As an investor, it’s worth keeping a close eye on the coming days.
Sources
- TradingView
- CryptoQuant
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency