Solana’s Clumsy Dance: Will It Stumble or Surge? 🚀🤔

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Solana, apparently under the impression that falling is fashionable, has decided to take a tumble below the so-called “key” $135 mark. The tokens are now namelessly huddled beneath $130, perhaps contemplating whether to slip further below $125. Who knew a blockchain could perform a slow-motion pratfall? 🤡

  • In a move that surprises no one except maybe Solana itself, the price slid past $135 and $130, as if it were trying to escape the grasp of gravity.
  • Currently, SOL is lurking below $130 and the vaunted 100-hour simple moving average, as if hiding from its responsibilities.
  • There’s a menacing trend line lurking at $136-no, not a trendy new fashion accessory, just resistance that’s mocking SOL’s attempt at stability.
  • If the bulls fancy some hope, they’d better defend $125 or $120 – otherwise, more dive bombs appear imminent. 🪂

Solana Tries to Play Nice, But Fails 🚫

Just as Bitcoin and Ethereum bickered over who’s more volatile, Solana decided to join in with a dramatic plunge below $140, promptly losing support at $135 and $132-like a bad actor forgetful of their lines.

Momentum tipped bearish below $130, culminating in a priceless low of $123. Now, it’s all about consolidation-sort of like trying to stay upright after a few too many at the crypto bar.

Recovering temporarily, SOL tested the 23.6% fib retracement after its fall from a $144 high to this $123 low, proving once again that charts are better at predicting drama than stability.

The price remains beneath the $130 mark and the 100-hourly SMA, with immediate resistance teasing around $128. Breakthrough resistance at $134 or the 50% fib retracement might set the stage for a comeback-though, honestly, who can say?

Meanwhile, some crafty trendline-probably plotting world domination or just taunting SOL-resists at $136. Clear enough: a convincing close above that might just persuade the market to stop watching with popcorn in hand. Next resistance: $140, or perhaps $145 if the market gets really daring. 😂

One More Drop? Maybe. Or Just Hot Air. 🧐

If SOL can’t get itself together and break the $130 ceiling, it might continue descending-because who doesn’t love a good downward spiral?

Initial margin of hope at $125, with major support around $122. But if the gravity proves too strong-well, a dip below $122 could send it tumbling towards $120, and perhaps even down to $112, if the stars and charts align in mischief.

Technical chatter:

  • Hourly MACD: Clinging to bearish momentum. Classic.
  • Relative Strength Index: Well below 50-so, pretty weak.

Major support levels: $125 and $122-think of these as the crypto equivalent of hiding under the table in a game of musical chairs.

Major resistance levels: $130 and $136-if SOL can just get over these hurdles, maybe it will stop making us nervous. Or not.

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2025-12-02 08:31