Solana attracted renewed market attention after digital asset investment products posted $1.2 billion in inflows last week. The strong figure marked a fourth straight week of positive flows and reinforced improving sentiment across the crypto sector.
Significantly, Solana recorded $31.8 million in net inflows, ending a two-week outflow trend. That pushed year-to-date inflows to $247 million and highlighted rising institutional confidence.
Besides improving fund activity, traders also focused on two technical formations that could shape Solana’s next major move. While short-term charts suggest a volatility expansion may be close, long-term structures continue to support broader upside expectations.
Triangle Compression Signals Near-Term Decision Point
Solana traded near $85 as price tightened within a symmetrical triangle on the one-hour chart. The structure reflected a market in compression, with lower highs meeting higher lows near the apex. Ali Martinez pointed to this formation as a possible setup for a 10% move.
Resistance remained clustered between $87 and $89, where sellers repeatedly capped upward attempts. However, support around $84 and $85 continued to absorb downside pressure. Consequently, traders viewed this zone as a key battleground for short-term direction.
A break above triangle resistance could open a path toward $94 and possibly $96. That move would align with the measured target tied to the pattern. Moreover, improving capital flows could support bullish momentum if volume expands during a breakout.
Still, downside risk remains in play. A loss of support may expose Solana to a retreat toward the $80 region. Hence, market participants continue watching whether volatility expansion favors bulls or bears.
Long-Term Cup and Handle Keeps Bigger Targets Alive
Beyond short-term charts, analysts also tracked a broader continuation structure that may carry larger implications. JAVON MARKS highlighted Solana’s developing Cup-and-Handle-like pattern, with price consolidating near handle support.
Source: X
The $80 to $85 area remained central to that view. Buyers defended this region despite prior weakness, suggesting accumulation may continue. Additionally, the descending handle appeared orderly rather than impulsively bearish.
Key resistance levels stood near $110 and $185, while the major breakout zone remained between $250 and $300. If Solana clears that region over time, the structure could support a measured move toward $500. However, bulls must first protect support and reclaim intermediate resistance.
