SOL chart shows ‘masterpiece’ setup to $190 after key trend turns bullish

💡 DMK Insight

Solana’s current price at $145.39 is sitting in a sweet spot for potential upside, especially with a bullish cup and handle pattern forming on the charts. This technical setup often signals a continuation of an upward trend, and if it plays out, we could see Solana testing the $190 level soon. The steady ETF inflows are another crucial factor. They indicate growing institutional interest, which can lead to increased liquidity and price support. As sentiment improves across the crypto market, it’s likely that retail traders will jump in, further driving demand. Keep an eye on the volume; a significant increase could confirm the breakout from the cup and handle pattern. However, it’s worth noting that if Solana fails to break above the $150 resistance level, we might see a pullback. Traders should monitor this level closely, as a rejection could lead to a test of lower support levels. Watch for volume spikes around key price points to gauge market sentiment effectively.