28-5-2025 – Solana (SOL) has been carving out a promising technical pattern, poised for a potential surge in the weeks ahead. Analysts have observed the formation of a cup-and-handle structure on the price charts, a setup that often heralds a dramatic upward move. Should SOL break free from this pattern, market watchers anticipate it could soar to unprecedented heights, eclipsing its previous all-time peaks.
Despite this bullish setup, Solana’s ascent has not been without its challenges. The $180 price mark has proven a stubborn barrier, with the coin repeatedly faltering at this level in recent days. This resistance mirrors a broader softening of momentum across the altcoin sector, where bullish enthusiasm has waned over the past fortnight. Yet, beneath the surface, positive signals are emerging. A recent analysis revealed a steady inflow of capital into SOL, a trend corroborated by the Chaikin Money Flow (CMF) indicator, which reflects growing buying interest. Furthermore, the On-Balance Volume (OBV) suggests that selling pressure has remained subdued, even as the price tests this critical threshold.
Adding to the optimistic outlook, Solana’s moving averages continue to signal robust bullish momentum. Experts suggest that buyers may soon muster the strength to propel the price beyond the $180 hurdle, setting the stage for a significant rally. However, the absence of a sharp uptick in whale activity—typically marked by high trading volumes with fewer transactions—indicates that large investors may be biding their time, possibly anticipating further gains before making substantial moves. Such whale behaviour, particularly near key demand zones, often hints at accumulation, while activity during rallies may suggest profit-taking.
The spot taker Cumulative Volume Delta (CVD) offers another layer of insight. For much of May, this metric has remained balanced, neither favouring buyers nor sellers. However, on 25 May, a flicker of buyer dominance emerged, hinting at the early stages of a potential shift. A sustained trend of buyer-driven CVD would be a strong precursor to a powerful rally, reminiscent of mid-November when Solana last overcame the $180 barrier after months of consolidation below this pivotal level. As the market watches closely, Solana’s next move could redefine its trajectory in the weeks to come.
