Solana Near $164 Faces Short-Term Risks Amid Long-Term Bullish Cup-and-Handle Potential

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.