Solana Poised for a Breakout: Two Chart Signals Pointing Toward $190

Updated

August 12, 2025

Gambar Solana Poised for a Breakout: Two Chart Signals Pointing Toward $190

Jakarta, Pintu News – Solana , one of the popular altcoins, has shown strong upward momentum in the past week, with a 15% gain amid renewed market optimism.

With the general crypto market sentiment brightening, two major on-chain signals suggest that this bullish trend might continue, potentially pushing SOL prices towards the $190 level, citing BeInCrypto’s report.

Solana (SOL) Investor Confidence Increases

The latest on-chain data shows a significant decline in Solana Liveliness (SOL) over the past 14 days, which dropped to 0.764 yesterday. This decline signals reduced SOL sales by long-term holders.

Liveliness is a metric that measures the movement of tokens that have been dormant for a long time by calculating the ratio of coin days destroyed to total coin days accumulated.

When Liveliness decreases, it indicates that long-term holders are retaining most of their coins, reflecting accumulation and confidence in the future of the asset. This trend indicates strong confidence among SOL key holders.

If this trend continues, it could form the basis for a sustained bullish trend as broader market sentiment improves.

Solana (SOL) Derivatives Market Demand Increases

Additionally, significant buying pressure is seen in the Solana derivatives (SOL) market, as reflected by the current long/short ratio of 1.01. This metric measures the proportion of long to short bets in an asset’s futures market.

A ratio above one indicates more long positions than shorts, signaling a bullish sentiment as most traders expect an increase in the asset’s value. The Solana long/short ratio (SOL) reflects a growing demand for long positions.

Traders continue to position themselves to benefit from a sustained upward movement, which could strengthen the coin.

Upside Potential and Risk of Profit Taking

On the daily chart (11/8), Solana (SOL) is trading above an uptrend line, a trend that emerges when the price of an asset generally increases over time, with buyers more dominant than sellers.

If this trend continues, SOL could decisively break above the $190 mark and move towards $195.55, the highest level last reached on July 28. However, a resurgence in profit-taking activity could derail this bullish outlook.

If sellers return to the market, they could push SOL prices below the uptrend line and towards $171.88.

Overall, with strong on-chain signals and increased demand in the derivatives market, Solana (SOL) has significant potential to reach and even surpass the $190 level.

However, investors should remain wary of possible profit-taking that could affect price momentum.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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