Solana (SOL) Primed for Explosion: Cup and Handle Pattern Signals $295 Surge Ahead

Solana's chart just flashed a classic bull signal—and traders are scrambling.

The Setup: SOL's price action carved a textbook 'cup and handle' pattern, a technical formation that often precedes explosive rallies. The measured move? A potential 40% sprint to $295 if resistance cracks.

Why It Matters: This isn't just another meme coin pump. The pattern suggests institutional accumulation—smart money positioning before the retail FOMO kicks in. Of course, in crypto, 'smart money' sometimes means 'slightly faster degens.'

Watch These Levels: A daily close above $210 confirms the breakout. Below $185? The handle becomes a noose. Either way, grab popcorn—Solana's volatility rarely disappoints.

TLDR

• Solana (SOL) has gained 10.9% this week and is testing resistance near $179.

• A long-term cup and handle pattern points to a possible breakout toward $295.

• Solana’s Total Value Locked (TVL) has grown from $6 billion to over $9 billion.

• Spot and staking ETF inflows into SOL have passed $190 million, with SEC approval odds near 95–99%.

• Solana’s Q2 revenue hit $570 million, and its market cap now exceeds $89 billion.

Solana (SOL) has climbed 10.9% over the last seven days. The price is testing resistance around $179 after consolidating between $145 and $175.

Analysts point to a large cup and handle formation on the weekly chart. This technical pattern is viewed as a potential indicator for a MOVE to higher levels.

The handle appears to be forming now with a shallow pullback from the recent high. This final phase of the pattern typically leads to a breakout if volume increases.

$SOL solana Weekly Update 🪙

Massive cup and handle forming on the weekly timeframe ☕️

A new ATH WOULD put this above 295 🐂 pic.twitter.com/LVkaSCu4JG

— CJ (@CJsCalls) July 19, 2025

The projected breakout level sits NEAR $185 to $189. If broken, it may open the door for a rally toward $235, $263, and even $295.

ETF Flows and Developer Growth Support the Trend

Institutional demand for Solana is growing through new ETF products. The REX-Osprey spot SOL ETF has now received over $92 million in inflows.

Staking-focused ETFs connected to Solana are also gaining traction. Their assets are nearing $100 million, offering rare on-chain staking rewards for investors.

The U.S. SEC is encouraging quick resubmission of spot ETF applications. Analysts estimate a 95–99% chance of approval within 2025.

ETF approval could accelerate inflows into the Solana ecosystem. Analysts believe it may help push the price toward all-time highs.

Technical Indicators and Network Activity Remain Strong

Trading volume has supported the rally from recent lows. Volume profile analysis highlights strong buyer support around $145.

Above the current level, thinner trading zones suggest less resistance. These areas often allow faster price movement if a breakout occurs.

Short liquidations during the recent push reached $34.59 million in a single day. Solana has maintained support above $159 despite recent volatility.

Active wallets on the Solana network now exceed 3.3 million. TVL has increased from $6 billion to more than $9 billion.

Solana also recorded $570 million in Q2 revenue. This made up 46% of all chain revenue in Web3, led by bots, apps, and staking tools.

Real-world adoption is rising with tokenized assets now live on-chain. Trading volume across Solana DEXs hit $3.15 billion in a day.

Major exchanges like Raydium, Meteora, and Orca lead ecosystem usage. Meanwhile, institutional treasuries are adding SOL exposure.

One NYSE-listed firm, BIT Mining, raised $300 million for a SOL-based treasury. Solana’s market cap now stands above $89 billion.

The price now sits just below the $179–$185 breakout level. A move through this range may confirm the pattern and shift attention to higher targets.