Solana (SOL) has been heavily hit by the latest downtrend and has shed 15.3% of its value in the past 7 days as the market has taken a necessary breather following July’s strong rally. Despite this latest downturn, analyst Ted Pillows, whose X account is followed by more than 190,000 users shared a bullish Solana price prediction that sees the token rising to $900 in the next few months after pulling back to $140. $SOL cup and handle pattern formation. Network activity is still strong, so I'm not writing off Solana in 2025. I think a dip towards $140-$150 before reversal is highly likely to happen. pic.twitter.com/UeCpANotXK — Ted (@TedPillows) August 2, 2025 Pillows emphasized that network activity is still strong within the Solana blockchain. On-chain data confirms this as monthly transactions in July exploded to a new 5-year record at 3.5 billion as per Artemis. This represents a 67% jump compared to July 2024 and a 17% increase compared to June this year. The growing popularity of meme coins like Bonk (BONK), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) have contributed to this remarkable surge. Canary Capital’s progress in getting an exchange-traded fund (ETF) approved for PENGU helped catalyze a strong rally across Solana-based meme coins . Finally, the launch of a Solana ETF by REX-Osprey that incorporated a staking feature also supports a bullish Solana price prediction as institutional and mainstream adoption could accelerate within the next few months. Solana Price Prediction: SOL’s Pullback Could Deepen Before The Next Leg Up Looking at SOL’s chart, we have seen a positive reaction in the price right after the $156 area was touched. This is an interesting reaction to a key trend line support that confirms its relevance for market participants. The Relative Strength Index (RSI) is currently standing below the mid-line and near oversold levels. Combined with a trend line support bounce, this favors a bullish short-term Solana price prediction. All things considered, although a deeper drop could still occur, the token’s long-term prospects are quite promising amid this early indication of a bounce off this key line. While a move to $900 may seem ambitious at the moment, it’s not out of reach. If more SOL ETFs launch in the coming months, increased institutional exposure could push the price toward a new all-time high , and potentially much higher, by year-end. And as Solana gains momentum, several top crypto presales are also catching investor attention for their strong narratives and long-term potential. SUBBD stands out from other projects amid its ambitious value proposition – creating a better environment for influencers by leveraging the power of blockchain tech. SUBBD (SUBBD) Raises Nearly $1M to Launch its Powerful Content Platform SUBBD (SUBBD) is building a better home for content creators where they no longer suffer unfair bans, ambiguous moderation policies, and high platform fees. This project gives creators the chance to monetize AI-generated content and get a say on the platform’s roadmap and community guidelines via the $SUBBD governance token. In addition, users can enjoy subscription discounts, early access to new features, and some other perks by buying this new crypto. With more than 2,000 influencers already onboarded, more than 250 million new users could flock to the platform. This could result in high demand for the $SUBBD token. Hence, those who bought it at its discounted presale price will reap the highest returns. To buy $SUBBD at its discounted presale price, head to the SUBBD website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH or use a bank card to invest. Click Here to Participate in the Presale The post Solana Price Prediction: Cup and Handle Pattern Confirmed – Final Dip Before $900 Target appeared first on Cryptonews .
