Solana Price Forecast Indicates Possible Drop to $140 Amid Corrections

Market analyst Ted Pillows predicts further price corrections for Solana (SOL) in the short term, following a 15% decline over the past week. He highlights a cup-and-handle pattern on the monthly chart, suggesting Solana may retrace to $140-$150 before a potential rally.

SOL Price Analysis

Current SOL price: $159, with an estimated additional decline of 11%
Previous high: $235 in January 2025
To confirm bullish intent, SOL must break above the neckline at $235
Pillows forecasts a potential rise to $1,000, indicating a possible 532.91% gain
Network activity remains high, supporting bullish sentiment

Market Overview

SOL trading at $159.34, down 3.84% in the past day
Daily trading volume decreased by 37.85%, now at $4.98 billion
Institutional interest is increasing, with asset managers revising ETF applications
Potential approval could further boost Solana's market position