Is Solana Cooking Up a Sneaky Breakout Above $136? 🧐💥

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Ah, Solana! That cheeky little crypto trying to tiptoe above the $130 mark like a cat on a hot tin roof. According to the sage wizard RLinda (you know, the one with all the magical charts on TradingView), $136 is the Big Boss of resistance — a gatekeeper standing firm, daring Solana to sneak past. And if it does? Well, brace yourself for a bullish blitz, even if the rest of the market is sulking in the corner like a bear with a headache.

Solana’s False Breakdown – Oops, False Alarm! 🤡

Remember the grand panic between late March and early April when Solana took a nosedive below $100? Talk about a dramatic fainting spell! The poor thing had stumbled below a key support hangout, the $115-$108 range, only to bounce back faster than you can say “banana cream pie.” Buyers rushed in, pushing Solana above $130, but now it’s stuck in a dainty waltz, swaying between $130 and $136, like it’s trying to decide what to wear to the breakout party.

RLinda whispers of a “liquidity imbalance” concocted by that sneaky false breakdown – basically a fudged up mess that might just give the bulls a juicy advantage. Bulls, by the way, are those optimistic creatures who think prices will soar. They’re licking their chops eyeing that $136 hurdle.

Solana price chart

Should Solana muster the courage to leap past $136, that could spark a veritable fireworks show of buying frenzy. A breakout! The very word sends shivers down the spines of bears and brings sugary dreams to bulls worldwide, especially since the global stage looks grumpy and bearish.

Higher Targets Ahead? Solana’s Got Its Eye on the Prize 🎯

Now, picture this: Bitcoin, the big brother of all cryptos, also doing a little shuffle, practically holding hands with Solana in this dance of consolidation. If Solana pulls off a neat little close above $136, it could sprint towards $140, waltz up to $147, and maybe even high-five $152. Not bad for a coin that was just playing hide-and-seek below $100!

Current stats say Solana is hanging out at $134.80, dipped its toe up by 0.5% in the last day, and somehow managed a cheeky 15.6% gain in the week. But don’t get too carried away — minor stumbles might happen. Luckily, the Fibonacci 0.5 retracement (fancy name, right?) is waiting around $125.28 like a safety net, ready to catch any tumbling prices. Plus, there are other trusty friends at $129, $123, and $111 standing by to offer support and maybe even a little cheer.

TradingView Solana snapshot

So, keep your eyes peeled and your snack bowls full, because this crypto drama is far from over. Will Solana break free or play it safe? Either way, it’s entertaining enough to make even Mr. Dahl grin from his chocolate cupboard.

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2025-04-18 22:19