Solana hovers near $164 as traders weigh a bullish cup-and-handle setup against short-term bearish signals from recent breakdowns.
Analyst Ted sees a possible dip to $140-$150 before a major rebound, while Kamran warns of deeper losses from failed support retests.
Despite technical pressure, Solana’s strong network and historical patterns keep long-term bullish hopes alive for a 2025 recovery.
Solana (SOL) is standing at a critical price crossroads as it struggles to hold ground near $164 after sharp volatility. This dramatic price action unfolds amid conflicting chart signals shared by crypto analysts Ted Pillows and Kamran Asghar on X.
As one highlights a bullish long-term pattern, the other warns of a short-term technical breakdown. Together, they paint a divided picture of where Solana may head next and why traders need to stay alert.
Ted highlights a classic “cup and handle” formation developing on the higher timeframe. He explains how Solana has completed a full market cycle over the last four years. It rose from $40 to $260 in 2021, collapsed to under $10 in 2022, and then surged toward $1,000 in early 2025.
Source: Ted
This pattern suggests a bullish structure is still intact despite the recent 5.57% price drop to $162.63. Ted predicts a possible pullback to the $140-$150 zone before any strong reversal.
Short-Term Breakdown Raises Caution
However, Kamran Asghar provides a different lens on Solana’s current setup. His analysis focuses on the daily and 4-hour timeframes. According to him, Solana recently broke down from a support range between $150 and $155. This drop followed a descending triangle formation that developed after the asset hit $210 in mid-July. A retest around $164 failed, confirming the bearish move.
Source: Kamran Asghar
The descending trendline has become dynamic resistance, blocking bullish rallies. Kamran’s chart shows a red arrow pointing downward, warning of further downside pressure. He believes algorithmic selling could intensify if SOL dips below the next major support. Consequently, many traders are bracing for a possible flush-out move.
Bigger Picture Still Holds Promise
Despite this bearish pressure, Solana’s strong network activity remains a key factor. Ted maintains confidence in the long-term bullish narrative, especially with the cup-and-handle pattern still visible on macro charts. Besides, previous consolidation zones between $150-$200 continue to act as memory levels for buyers.
Hence, Solana now sits between short-term bearish risks and long-term bullish structure. Both sides of the market will watch closely as price action unfolds. Solana’s next big move may set the tone for the rest of 2025.
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