Solana Price Prediction: Can SOL Defend $177 and Launch Toward the $330 Cup-and-Handle Target?

Solana is back in the spotlight as bulls and bears battle it out near a key support zone. After a sharp move to $206 followed by a healthy cooldown, market watchers are now closely eyeing the $177 to $190 range for signs of the next big move.

Solana’s current price is $184.00, down -7.86% in the last 24 hours. Source: Brave New Coin

In a fresh signal of conviction, Upexi Treasury, the largest Solana holding treasury on record, has added another 83,000 SOL worth $16.7 million to its reserves, pushing its total to 1.9 million SOL or $381 million. SolanaFloor believes this is a long-term positioning that typically reflects strategic confidence. At a time when the broader market is recalibrating, institutional accumulation at this scale stands out and sends a strong message.

Upexi Treasury adds another 83,000 SOL. Source: SolanaFloor via X

With Solana trading in a supportive range and still digesting its recent pullback from the $206 zone, a fresh $16.7 million injection is likely to assist price in establishing a new base.

Following up on the recent institutional accumulation, new on-chain data from Ali Martinez adds a technical layer to Solana’s positioning. According to UTXO Realized Price Distribution (URPD), major transactional volume is clustered at $189 and $177, marking these zones as crucial short-term support levels.

These levels are backed by a high concentration of wallet activity, which often acts as a price cushion during retracements. This suggests that the recent pullback may simply be testing liquidity where long-term holders are most active.

Solana’s URPD chart shows heavy accumulation at $189 and $177, hinting at strong support as the correction plays out. Source: Ali Martinez via X

From a technical standpoint, this adds weight to the idea that Solana is not entering a breakdown phase, but rather navigating through a controlled cooldown. The convergence of fresh institutional inflows and URPD-backed support creates a scenario where price could stabilize before reattempting higher levels.

The latest chart from Sam North reinforces the idea that Solana is now testing a historically meaningful zone. The $186 to $190 range has flipped roles multiple times, acting as both support and resistance, and is once again being revisited as price pulls back from recent highs. The number of rejections and bounces off this region highlights its technical significance. What’s happening now isn’t just a retest; it’s a battle to define whether this zone can flip into a stable launchpad or there is room for some extended downside correction.

Solana revisits the critical $186 to $190 zone, a level with repeated rejections and bounces, now acting as a battleground for trend direction. Source: Sam North via X

Structurally, this level sits right in line with the recent URPD clusters and institutional buy zones, giving added confluence. If buyers can defend this region, it could turn into a solid base for another attempt at $200+. However, a clean break below $177 could open $160 as the next key support level.

The recent pattern forming on Solana’s higher timeframe chart is starting to resemble a textbook cup-and-handle formation as shown by Chris Paul. If this pattern plays out as expected, Solana could be lining up for another breakout leg once the correction inside the handle completes.

Solana forms a textbook cup-and-handle pattern, eyeing a potential breakout toward the $330–$400 range. Source: Chris Paul via X

From a measured move perspective, a successful breakout from the handle would suggest upside potential toward the $330 to $400+ region. This projection lines up with historical resistance levels from early January 2025. Given the recent confluence of institutional buying and on-chain support, this technical setup adds more credibility to the idea that Solana’s summer run might still have room to stretch.

In yet another sign of growing stablecoin activity, Circle has just minted a staggering $750 million worth of USDC directly onto Solana. What once might have been seen as extraordinary is now quietly becoming routine for Solana’s ecosystem. These repeated mints reflect deepening trust in Solana as a preferred chain for stablecoin deployment. When paired with the ongoing wave of institutional accumulation and technical resilience, this kind of backend capital activity helps solidify the narrative that Solana isn’t just riding a hype cycle; it’s steadily maturing into serious infrastructure.

Circle mints $750 million USDC on Solana, marking another major step in the network’s stablecoin dominance.

Solana’s recent pullback might look like something dangerous for the price, but the growing weight of on-chain support, institutional buying, and backend activity like USDC mints paints a different picture. The ongoing fall is just another correction. Key wallet clusters around $189 and $177 are still holding firm, and these zones have historically acted as accumulation pockets during prior retracements.

From a technical perspective, the structure remains bullish as long as price holds above the $177 to $180 support block. This zone aligns with both the URPD clusters and the neckline of the potential handle formation. If buyers can step in here and flip $190 into support, the next logical resistance sits at $206, beyond which the cup-and-handle breakout toward $330 to $400 becomes increasingly realistic.