Solana [SOL] is forming a cup and handle pattern, signaling the potential for a breakout to price levels of 185 USD and 220 USD.
This technical model, combined with the trend of withdrawing Tokens from exchanges and significant short liquidity, supports the continuation of an upward trend in Solana in the short term.
MAIN CONTENT
Solana tests the breakout area around the 157 USD level after surpassing the upward trendline.
The cup and handle pattern shows growth opportunities with targets of 185 USD and 220 USD.
The outflow of funds from the exchange and the liquidation of short liquidity are positive signals supporting SOL's price.
Is Solana preparing for the next strong price increase?
According to market analysis experts, the cup and handle pattern on Solana's daily chart shows positive signals for a price increase. The bottom of the 'cup' is around 131 USD, with the 'handle' accumulating below the resistance level of 166 USD.
The cup and handle pattern is a clear sign of a continuing bullish trend, especially when there is strong buying pressure and favorable market conditions.
Analyst Ali Charts, July 2025
When buyers can turn the 166 USD level into support, SOL has the potential to move towards the target area of 185 USD, with an extended level of 220 USD, according to traditional technical analysis.
What is investor confidence in Solana like right now?
A report from CoinGlass on July 13, 2025, shows that Solana continuously experienced a net outflow of up to 7.58 million USD from centralized exchanges. This is an indicator that investors prioritize long-term holding, reducing the selling supply.
Typically, withdrawing Tokens from the exchange indicates a trend of accumulation and confidence in SOL's long-term prospects. This is also a factor that reinforces the accumulation phase and can create stable upward price pressure if buying demand remains.
Source: CoinGlass
Did the liquidation of short positions contribute to Solana's recent price surge?
New data from CoinGlass on July 13, 2025, indicates that Solana is affected by a large amount of short liquidations of approximately 555,000 USD – much higher than long liquidations of only 71,000 USD.
Strong liquidation pressure is mainly concentrated on two exchanges, Binance and Bybit, indicating many short positions are being forced to close, creating buying pressure that supports a price explosion.
Liquidating short positions is often a catalyst that drives prices to surge significantly during key resistance levels.
CoinGlass market analysis, July 2025
This phenomenon creates momentum for the price of SOL to potentially break above the neckline of 166 USD, playing an important role for the next bullish trend.
Source: CoinGlass
Is Solana ready for the upcoming breakout?
Based on technical structure and on-chain factors, Solana possesses a convincing bullish setup with a cup and handle pattern combined with a strong trendline support.
The outflow of funds from the exchange and the liquidation of short positions confirm a strong bullish trend. However, the key level must be surpassed and maintained at 166 USD to confirm the breakout.
If the buyers successfully control this price range, SOL is likely to rise to 185 USD and possibly even 220 USD. Conversely, the range of 157-166 USD will be an important tipping point to closely monitor.
Frequently Asked Questions
What price level is Solana currently trading at?
In July 2025, Solana's price fluctuated around 162.3 USD, below the important resistance level of 166 USD.What does the cup and handle pattern mean for Solana?
This pattern is a technical indicator that suggests the price of Solana may break strongly to rise to 185 USD, and further to 220 USD if it successfully surpasses the neckline area.How does the outflow index from the exchange affect things?
The continuous outflow of Tokens from the exchange reflects investors holding long-term, reducing selling pressure, and laying the groundwork for a sustainable upward price trend.Why is the liquidation of short positions important?
Short liquidations force desperate traders to buy back, creating strong buying pressure that quickly supports price increases in the cryptocurrency market.What is the important resistance level that needs to be surpassed to continue rising?
The level of 166 USD is considered a key resistance area; if Solana surpasses and maintains it, it will trigger a bullish trend that approaches higher targets.
Source: https://tintucbitcoin.com/solana-huong-den-muc-tieu-185-usd/
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