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

What Is Driving Solana’s Price Near $164 Amid Conflicting Signals?

Solana’s price near $164 reflects a critical juncture where a bullish long-term cup-and-handle pattern meets short-term technical breakdowns. Analysts Ted Pillows and Kamran Asghar provide contrasting views, highlighting both recovery potential and risk of further declines.

How Does the Cup-and-Handle Pattern Influence Solana’s Long-Term Outlook?

Ted Pillows identifies a classic cup-and-handle formation on Solana’s higher timeframe charts, signaling a strong bullish structure. This pattern follows a full market cycle from $40 in 2021 to a peak near $260, a collapse below $10, and a surge toward $1,000 in early 2025. The pattern suggests a possible pullback to $140-$150 before a robust upward reversal.

Source: Ted

Why Are Short-Term Breakdown Risks Affecting Solana’s Price Momentum?

Kamran Asghar’s analysis focuses on daily and 4-hour charts, revealing a breakdown from a support range between $150 and $155. This follows a descending triangle pattern formed after Solana peaked at $210 in mid-July. A failed retest near $164 confirms bearish momentum, with algorithmic selling likely to increase if prices fall below key support.

Source: Kamran Asghar

How Does Solana’s Network Strength Impact Its Long-Term Price Potential?

Despite short-term bearish signals, Solana’s robust network activity and historical consolidation zones between $150 and $200 provide strong buyer support. Ted emphasizes that the long-term bullish cup-and-handle pattern remains intact, reinforcing confidence in a 2025 recovery.

What Are the Key Technical Levels Traders Should Watch?

Traders should monitor the $140-$150 zone as a critical support level for potential pullbacks. Resistance near $164 and the descending trendline identified by Kamran will determine if Solana can break out of short-term bearish pressure or face further declines.

Frequently Asked Questions

What factors influence Solana’s price near $164?

Solana’s price is influenced by a bullish cup-and-handle pattern on long-term charts and short-term bearish breakdowns from key support levels, creating mixed signals for traders.

Why is there a risk of further price decline for Solana?

Short-term technical analysis shows Solana breaking down from support zones and facing resistance from descending trendlines, increasing the risk of additional losses before any recovery.

Key Takeaways

• Solana trades near $164: balancing bullish long-term patterns with short-term bearish risks.
• Potential pullback zone: analysts predict a dip to $140-$150 before a rebound.
• Network strength supports recovery: historical consolidation zones and activity underpin long-term optimism.

Conclusion

Solana’s price near $164 reflects a pivotal moment where bullish long-term patterns coexist with short-term breakdown risks. While technical analysis warns of possible dips, the strong network fundamentals and historical price cycles support a hopeful outlook for a 2025 recovery. Traders should watch key support levels closely as Solana’s next move will shape its trajectory for the year.

• Solana’s price hovers near $164, highlighting a critical balance between bullish long-term patterns and short-term bearish signals.

• Analysts provide contrasting views, with some predicting a pullback before a rebound and others warning of deeper losses.

• COINOTAG sources emphasize Solana’s strong network fundamentals as a foundation for long-term bullish potential.

Solana trades near $164 amid mixed signals; explore expert analysis and key price levels for 2025 recovery insights with COINOTAG.

Solana’s Price Analysis: What Are the Key Technical Patterns?

Solana’s price action near $164 is shaped by a bullish cup-and-handle pattern on higher timeframes, signaling potential long-term gains. This pattern reflects a completed market cycle with significant price swings from $40 to $260, a sharp decline, and a recent surge toward $1,000. Despite a recent 5.57% drop, the structure suggests a possible pullback to $140-$150 before a strong recovery.

What Does Short-Term Technical Analysis Reveal About Solana?

Short-term charts show Solana breaking down from a support range of $150-$155, following a descending triangle after a $210 peak. The failed retest near $164 confirms bearish momentum, with dynamic resistance limiting upward moves. This setup warns of potential further downside if key supports fail.