Solana just broke out of a multi-week base, and the chart's own EMAs crossed in a pattern traders call a bullish signal right at that breakout point. SOL Price Today is trading at $117.07, Up
Solana just broke out of a multi-week base, and the chart's own EMAs crossed in a pattern traders call a bullish signal right at that breakout point.
SOL Price Today is trading at $117.07, Up 1.52% today, pulling back after a sharp move higher.
This Solana Price Prediction asks the big question the chart is now pointing toward: can SOL hit $150 in 2026?
Window
Total Liquidated
Long
Short
1h
$313.40K
$77.34K
$236.06K
4h
$603.03K
$248.76K
$354.28K
12h
$6.84M
$5.72M
$1.12M
24h
$26.30M
$7.57M
$18.74M
The picture flips depending on the window: shorts have taken the bigger hit in the last few hours, suggesting a squeeze on bears, while longs dominated the 12h total, a sign of real two-way volatility rather than a clean move in one direction.
Solana is up 1.52% to $117.07 over the past 24 hours, moving with a broader market rally but amplified by strong institutional inflows.
Primary reason: Surging demand for Solana ETFs is the main driver. These funds saw over $60 million in inflows across just two days, pushing total assets under management above $1.2 billion, and that kind of buying directly adds to buy-side pressure for SOL.
Secondary reason: A short squeeze added fuel on top of that, with over $18 million in bearish positions liquidated, accelerating the move higher as short sellers were forced to buy back in.
SOL spent several weeks consolidating in a descending channel base through August and early September, with the EMA’s crossover into a bullish setup right around the breakout point.
Price broke out sharply, pushing past $120 at one point, and today's pullback to $117.07, on a candle that opened at $118.88 and is trading between $115.55 and $119.43, it is happening right at that breakout zone.
The Bullish EMA’s crossover between the 50 EMA at $96.94 and the 20 EMA at $105.50 sits well below as support, a reminder of how far this move has already run since the crossover.
If SOL holds this breakout, the chart's own projected path points toward $150.28 further out, well beyond the nearer resistance at $120.18.
$110.25 is the first support, right under the breakout zone. Below that, $97.76 marks the next level down.
$120.18 is the nearest resistance, just above the current price. Clearing it opens the path toward the chart's bigger projected target at $150.28.
Scenario
Trigger
Likely Outcome
Invalidation
Breakout continues
Hold above $110.25, clear $120.18
Push toward $150.28
Close below $105.50
Retest holds
Bounce from $110.25
Base before next leg up
Break below $97.76
Breakdown
Close below $97.76
Slide back toward the base
Reclaim $110.25
It's exactly the level the chart's own projection is pointing to, based on the size of the recent breakout following the bullish EMA crossover.
Getting there isn't a straight line, though SOL needs to clear $120.18 first, and $150.28 is best treated as a marker to track through the rest of 2026 rather than an immediate target.
Solana is bullish, and SOL is above its breakout zone, ETF inflows are accelerating, and the EMA crossover backs up the trend. $110.25 is the level that would flip this view.
A close below $110.25 would break the current structure. Broader market weakness or a slowdown in ETF inflows could also stall this move before $120.18 clears.
According to CoinGabbar analysts, The bullish crossover lining up right at the breakout point is the detail worth paying attention to here; it's the kind of confirmation that adds weight to a move rather than just a sharp candle on its own.
$110.25 is the level that decides what comes next: holding it during this pullback keeps the $150 story alive, while losing it would suggest SOL needs more time to build a base before trying again.
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving SOL.
