Solana Near $164 Faces Short-Term Risks Amid Long-Term Bullish Cup-and-Handle Potential
Main Idea
Solana's price near $164 reflects a balance between a bullish long-term cup-and-handle pattern and short-term breakdown risks, with analysts predicting a potential dip to $140-$150 before a rebound in 2025.
Key Points
1. Analyst Ted anticipates a pullback to $140-$150 before a significant recovery, citing the cup-and-handle pattern.
2. Kamran Asghar highlights short-term bearish signals, noting a breakdown from the $150-$155 support range and a failed retest near $164.
3. Solana's robust network activity and historical consolidation zones between $150 and $200 support long-term bullish potential.
4. Traders should monitor the $140-$150 zone as a critical support level for potential pullbacks.
5. Despite short-term risks, the cup-and-handle pattern remains intact, reinforcing confidence in a 2025 recovery.
Description
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