Solana Price Formation: Insight into Long-Term Projections
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reported that esteemed technical analyst Peter Brandt has identified a long-term cup and handle pattern on Solana’s weekly chart. The outlet noted that Solana trades around $116.29, a level where Brandt suggests the formation hints at significant upward potential. The report indicates a possibility of prices reaching higher levels, though the text cuts off before specifying the target. This structural formation is presented as a key indicator for Solana's future price trajectory.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 21 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows Solana trading at $111.17, with a 24-hour buy ratio of 51.4%. Short-term buying pressure appears to be building, as the 1-hour buy ratio stands at 54.3% and the 4-hour ratio at 55.2%, both exceeding the daily average. Volume delta confirms this accumulation, showing +$1,252,800 in the last hour and +$7,002,250 over four hours. The cumulative volume delta for the 24-hour period closes at +$47,122,229, indicating sustained net buying across 21 of the last 24 hours.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, Solana saw a 7-day average buy ratio of 49.2%, making today’s 51.4% reading an unusual spike of 2.3 percentage points above the norm. While spot volume remains steady at 1.02x the average, the 8-day volume delta totals -$6,224,921, contrasting with the recent positive daily flow. This divergence highlights a shift from net selling over the longer period to net buying in the immediate term. The price increased by 12.0% over eight days, supported by 739,932 trades and $265,010,400 in volume.