Solana Price Prediction: Triangle Compression Nears Breakout as Bulls Eye $190 Move

Solana is starting to turn heads again as fresh signs of strength emerge across both the charts and on-chain activity. Market participants now believe SOL Solana price could be setting up for a major breakout, especially with the price hovering near the key $160 level.

Solana’s recent price action has been marked by sharp deviations, both upwards and downwards, as it tests critical support and resistance zones. Solana has recently seen a significant upper deviation but is now approaching a potential lower deviation, creating an intriguing technical setup.

Solana approaches key lower deviation near $160, setting the stage for a potential rally toward $180. Source: Bluntz Capital via X

According to Bluntz Capital’s analysis, if Solana can reclaim the $160 level, it could signal a shift in momentum, marking the start of a strong rally. This reclaim would be crucial as it would indicate that buyers are taking control and that the recent downturn could be over.

At this moment, there’s no confirmed breakout yet, but the $160 mark holds vital significance. If Solana can hold and build above this level, it could quickly pivot the trend. Momentum indicators are extremely oversold, which can follow price for a quick recovery. Once $160 is reclaimed, the next key target for Solana would be the upper boundary around $180 to $190 levels.

Solana may have lagged Ethereum in the SOL/ETH ratio this year, but the latest inflow data shared by Glassnode flips the tone entirely. Over the past 7 days, Solana pulled in $8.3 billion in new capital, outpacing Ethereum’s $6.2 billion despite the ratio hitting its lowest point this year. That’s not just a number; it’s a clear signal that large players are rotating back into SOL, positioning ahead of a potential shift in trend.

Solana sees $8.3B in new capital inflows, surpassing Ethereum and signaling major rotation into SOL. Source: Glassnode via X

This growing divergence aligns perfectly with Solana’s technical setup, which is still hovering near its lower deviation zone around $150 to $155. If buyers continue to step in and reclaim the $160 mark, the path toward $180 opens up fast. With momentum resetting and capital now favoring SOL over ETH, the conditions are quietly tilting bullish.

Adding fuel to Solana’s quietly building momentum, on-chain data from Ali Martinez shows a staggering surge in user activity. In the past 24 hours alone, over 14.63 million active addresses have interacted on the Solana network, the highest single-day figure in recent memory.

This sharp spike in engagement stands out, especially given that the Solana price has yet to reflect the magnitude of this activity uptick. When network usage starts to lead price, it’s often a signal that something bigger is yet to come.

Solana records 14.63M active addresses in 24 hours, marking its highest-ever daily user activity. Source: Ali Martinez via X

This fresh wave of user participation pairs well with the capital inflows and technical structure already forming around the $150–$160 support band. If Solana reclaims $160, it would strengthen the bullish outlook and support a more confident Solana price prediction moving toward higher targets.

Solana’s 8-hour chart is starting to paint a bullish picture, as shared by Satoshi Flipper. After a long drift inside a descending channel, SOL Solana price is now coiling inside a tight symmetrical triangle. What’s interesting is that the symmetrical triangle is now at the apex of its compression, suggesting that it can soon lead to a breakout.

Solana forms a symmetrical triangle near breakout point, with bulls eyeing a move toward $190. Source: Satoshi Flipper via X

This pattern aligns perfectly with Solana’s recent uptick in network activity and capital inflows. The confluence of tightening price action, rising on-chain engagement, and improved sentiment suggests that if Bitcoin provides even a slight tailwind, SOL could push for a breakout toward $180 first, and possibly stretch toward the $190 target zone mapped out in Flipper’s chart.

While Solana’s technicals are showing a promising picture, fresh whale activity adds another interesting layer. According to OnchainLens, a large investor just offloaded 1.459M Fartcoin and rotated that into 10,509 SOL, worth roughly $1.57M. What stands out is the fact that capital is moving back into SOL in size.

Whale rotates $1.57M from Fartcoin into 10,509 SOL, signaling renewed confidence in Solana. Source: RoundtableSpace via X

Solana’s recent developments are painting a very different picture from just a few weeks ago. While price action remains just under key resistance, the supporting signals, from fresh inflows to record user activity, are starting to stack up

The lower deviation near $150 has held firm, and now all eyes are on whether Solana can flip $160 into support. That move could act as the final confirmation needed to unlock the higher range toward $180 and beyond.