Solana’s $162 Fate: A Tale of Two Bearish Scenarios 🐻💸

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The Solana price, that most fickle of lovers, has been steadily ascending—though one might argue it’s more of a slow waltz than a passionate tango. From a lowly $127 in June, it has now dared to flirt with the $200 mark, all thanks to the arrival of newcomers like USELESS, who are as useful as a penguin in a snowstorm. Yet, as with all things beautiful, the question lingers: how long before this delicate bloom withers into a bear’s sad, hollow laugh?

Solana Price Faces Pressure From Bears

Despite the bullish fervor, a crypto analyst has donned the cloak of a Cassandra, warning that the recent rally—oh, what a glorious fakeout it was!—was merely a mirage, a fleeting illusion that left investors gasping for breath. The price, having briefly kissed the $170 resistance, now finds itself trapped in an ascending channel, a gilded cage where the only escape is a plunge into the abyss of $162.30. How romantic.

The analyst, ever the dramatist, presents two scenarios: one where the price plummets directly into the MPL, a fate as inevitable as death, and another where it dances a foolish waltz to retest highs before collapsing like a house of cards. Either way, the ending is clear—Solana’s fate is written in the stars, or at least in the algorithms of the bears.

Meanwhile, the open interest for SOL has reached new heights, but the price? A mere shadow of its former self. How tragic! A market so eager to bet on itself, yet so unwilling to believe in its own potential. One wonders if the bears are merely waiting for the grand finale, a performance worthy of the Royal Opera House.

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2025-07-23 10:35