Lo and behold! After a gallant prance upward in early Q4, Solana (SOL) tripped over its own cape, shedding nigh 20% of its value in mere sessions. The crowd gasped, the market wept, and uncertainty reigned supreme. 🎭
Though on-chain scrolls proclaim Solana’s ecosystem thrives like a bustling tavern, the soothsayers of charts and graphs warn: this correction may yet spill more ink. Should the $100 bastion crumble, prepare for wails of despair! 😭
Solana’s Tale: A Drama of Support and (Possible) Betrayal
As per the scrolls of CoinGecko, Solana now trades at ~$156, having brushed a lowly $148. Since November’s dawn, it’s shed 20% of its treasure-a tragedy penned in candlesticks. 📉
The weekly parchment reveals SOL hovering near a trendline drawn since 2023-a lifeline, some say, though others call it a rope bridge swaying over doom. 🕳️
A trader on the digital agora (X) proclaimed: “Break this line, and SOL shall plummet 30-40%, dragging itself below $100! Panic shall spread like rats in a sinking ship!” 🐀
“Nay, there’s no sorcery here-only arithmetic. A 30-40% tumble awaits, and yet fools still rush to ‘buy the dip’ as if it’s 2021! The chart, dear friends, speaks louder than any crypto-Twitter bard.” 📊
Another scroll suggests $122 is a “high-risk tryst” for buyers, while $200 guards the gate to redemption. Until BTC, the grumpy king, stabilizes his realm, Solana’s fate hangs by a thread. 👑
A liquidity heatmap reveals price swept below $180, clearing “downside traps.” Yet, the $200-$220 zone glimmers with clustered hope. But hush! The analyst warns: “Bitcoin must find his footing first, or Solana shall dance with doom!” 🚨
“Aye, liquidity clusters gleam above, but restrain thy joy! Until BTC chooses a floor, Solana’s rally is but a ghost story.” 👻
Solana’s structure quivers below $150. A retest at $100 looms, unless Bitcoin ceases his drunken stumble. 🍻
On-Chain Revelry vs. Price Melancholy
While the price falters, Solana’s ledgers sing tales of strength: $8.5M weekly blockspace riches, $29B DEX dealings (surpassing Ethereum!), 543M transactions, and 15.5M active souls. “Solana is dead”? Nay, she’s hosting a feast! 🎉
Stablecoins flood in like eager guests, setting volume records in October. Yet institutional coffers bleed-Forward Industries’ 6.82M SOL, bought at $232, now rots with a $382M wound. 💸
Solana’s X scroll chirps: “Fear not red candles! Bear markets birth greatness!” 🐻 As if the crowd isn’t already fleeing the theater. 🏃♂️
“Red candles build community! FUD? Merely confetti! Bear markets? A masquerade ball for the strong!” 🎭
Read More
- BTC PREDICTION. BTC cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- FLR PREDICTION. FLR cryptocurrency
- Gold Rate Forecast
- Brent Oil Forecast
- PENGU PREDICTION. PENGU cryptocurrency
- GBP CAD PREDICTION
- NEXO PREDICTION. NEXO cryptocurrency
- USD KZT PREDICTION
- SEI PREDICTION. SEI cryptocurrency
2025-11-05 15:35