Solana (Sol) has been hit hard by the latest imaginary issue, dumping 15.3% of its value in the last seven days as the market has earned the necessary breather following a strong July rally.
Despite this latest slump, analyst Ted Pillow shared a price forecast for the bullish Solana, where more than 190,000 users following the X account, will see their tokens rise to $900 in the coming months after returning to $140.
$ sol Formation of cup and handle patterns.
Network activity is still strong so he has not resigned from Solana in 2025.
I think there’s a high chance that a dip from $140 to $150 before the inversion occurs. pic.twitter.com/uecpanotxk– Ted (@tedpillows) August 2, 2025
Pillow emphasized that network activity is still strong within the Solana blockchain. On-chain data confirms this as monthly transactions in July exploded into a new five-year record of 3.5 billion, according to Artemis.
This is a 67% jump compared to July 2024, representing a 17% increase compared to June this year. The growing popularity of meme coins such as Bonk (Bonk), Pudgy Penguins (Pengu), and Fartcoin (Fartcoin) has contributed to this surprising surge.
Pengu’s progress in acquiring the approved Exchange-Traded Fund (ETF) has helped catalyze strong gatherings across Solana-based Meme Coins.
Finally, the release of Solana ETF by Rex-Soprey With institutional and mainstream adoptions likely to accelerate in the coming months, the feature with built-in staking also supports bullish Solana price forecasts.
Solana Price Prediction: Sol’s pullbacks may be deeper before the next leg goes up
Looking at Sol’s chart, there was a positive response to the price right after touching the $156 area.
This is an interesting response to key trendline support that confirms its relevance with market participants.
The Relative Strength Index (RSI) currently stands below the midline and under the overselling level. Combined with trendline support bounce, this prefers bullish short-term Solana price forecasts.
All things considered, a deeper drop could occur, but the long-term outlook for tokens is extremely promising amid this early sign of bounce from this important line.
On the move $900 It may seem ambitious at this point, but it is not out of reach.
If more SOL ETFs are launched in the coming months, an increase in institutional exposure could potentially boost prices as follows: The newest everand potentially much higher, by the end of the year.
And as Solana gains momentum, it has attracted investors’ attention in advance of some of the top codes, their strong narrative and long-term potential.
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Post Solana Price Prediction: Cup and Handle Pattern confirmed – The final dip before the $900 target was first made to Cryptonews.
