Solana – How THESE levels could define SOL’s next price move

Key Points

1. Solana's breakout from a cup and handle pattern suggests a potential climb toward the next resistance at $184.82 if the neckline breach at $155.76 holds.

2. A trader deposited $4 million USDC into Hyperliquid and went long with 10x leverage at an entry of $153.79, indicating strong belief in SOL's upward movement.

3. Derivatives data from Binance shows 61.72% of accounts are long on SOL/USDT perpetuals, reflecting bullish sentiment but also potential vulnerability to volatility.

4. Spot trading volume has declined despite the bullish setup, which could either be a pause before volume returns or an early sign of hesitation.

5. Liquidation clusters around $153 and $159 are critical levels; a move above $159 could trigger short liquidations, while a dip below $153 might flush out over-leveraged longs.