{"id":62713,"date":"2025-07-13T17:00:09","date_gmt":"2025-07-13T17:00:09","guid":{"rendered":"https:\/\/www.europesays.com\/us\/62713\/"},"modified":"2025-07-13T17:00:09","modified_gmt":"2025-07-13T17:00:09","slug":"solana-prepares-for-a-launch-to-185-can-it-happen","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/62713\/","title":{"rendered":"Solana prepares for a launch to $185: Can it happen?"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways<\/p>\n

Solana\u2019s Cup and handle formation signals breakout potential toward $185 and $220.\u00a0Short liquidations and exchange outflows support a bullish continuation structure.<\/p>\n

Solana [SOL]<\/a> is currently retesting its breakout zone around $157 after breaking above an ascending trendline earlier this week.\u00a0<\/p>\n

The price action aligns with the 1.618 Fibonacci extension near $178, suggesting bulls are preparing for a potential rally.\u00a0<\/p>\n

At the time of writing, Solana traded around $162.30, just below a critical resistance level. This structure reflected a temporary cooldown before continuation.\u00a0<\/p>\n

Therefore, the price holding above the trendline support could provide momentum for a move toward the next target at $185, especially if buying volume returns in the coming sessions.<\/p>\n

\"\"<\/a><\/p>\n

Source: X\/Ali<\/a><\/p>\n

A bullish reversal ahead?<\/b><\/p>\n

Solana has printed a textbook cup and handle pattern on the daily chart, with the cup bottoming near $131 and the handle consolidating just below the $166 neckline.\u00a0<\/p>\n

This bullish continuation setup signals growing investor confidence and often leads to major breakouts when neckline resistance breaks.\u00a0<\/p>\n

Historically, cup and handle patterns tend to resolve with sharp upside moves, especially when fueled by strong demand and supportive market conditions.\u00a0<\/p>\n

If bulls flip the $166 level into support, SOL could climb toward $185, with the $220 mark as the extended upside target from the formation.<\/p>\n

\"\"<\/a><\/p>\n

Source: TradingView<\/p>\n

Investor confidence in Solana<\/b><\/p>\n

Solana continues to see steady spot outflows, with a $7.58 million net outflow on the 13th of July.\u00a0<\/p>\n

This consistent pattern indicates that investors are withdrawing SOL from exchanges, reducing the immediate supply available for selling.\u00a0<\/p>\n

Typically, exchange outflows reflect long-term holding behavior and suggest a bullish sentiment among holders.\u00a0<\/p>\n

This trend reinforces the broader accumulation phase and could support higher price levels if demand remains steady.\u00a0<\/p>\n

With fewer tokens circulating on trading platforms, the conditions favor continued upward price pressure.<\/p>\n

\"\"<\/a><\/p>\n

Source: CoinGlass<\/a><\/p>\n

Did short liquidations trigger Solana\u2019s latest rally attempt?<\/b><\/p>\n

Solana experienced a sharp spike in short liquidations on the 13th of July, totaling $555K, compared to just $71K in long liquidations.\u00a0<\/p>\n

This imbalance implies that bearish traders were caught offside, likely fueling upward price movement as stop-losses and liquidations triggered forced buying.\u00a0<\/p>\n

Notably, the bulk of short liquidations came from Binance and Bybit, highlighting widespread bearish exposure.\u00a0<\/p>\n

These liquidation events often act as catalysts for price surges, especially near key resistance levels. If bears continue to exit, Solana could gain additional momentum for a breakout above the $166 neckline.<\/p>\n

\"\"<\/a><\/p>\n

Source: CoinGlass<\/a><\/p>\n

Is Solana ready for its next breakout?<\/b><\/p>\n

Solana\u2019s technical structure presents a compelling bullish setup, driven by a valid cup and handle pattern and sustained trendline support.\u00a0<\/p>\n

The combination of strong spot outflows and short liquidations adds further bullish conviction. However, reclaiming the $166 neckline remains essential for confirming the breakout.\u00a0<\/p>\n

If buyers manage to flip this resistance into support, Solana could rally toward $185 and potentially $220. Until then, the $157\u2013$166 range remains the most critical zone to monitor.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: AVAX\u2019s rally is not over yet \u2013 But bulls should be wary of a break below $20<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Solana\u2019s Cup and handle formation signals breakout potential toward $185 and $220.\u00a0Short liquidations and exchange outflows…\n","protected":false},"author":3,"featured_media":62714,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3244,64,67,132,68],"class_list":{"0":"post-62713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114846998641923753","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/62713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=62713"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/62713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/62714"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=62713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=62713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=62713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}