Solana has embarked on a joyride straight into the abyss, now clinging to the $140 ledge like a tourist on a cliff diving board. If this were a movie, it would be a horror film titled “The Fall of Solana.”
- After a valiant attempt to flirt with $145 and $140, SOL decided to play coy and slinked back below both, like a guest at a party who forgot the dress code.
- Currently, the price is teetering below $140 and the 100-hourly SMA, which is basically crypto’s version of a “you’re doing great” pat on the back that’s rapidly turning into a shoulder shrug.
- A bearish trend line is forming like an ex’s passive-aggressive text thread, with resistance at $136. If the bulls want to save this mess, they’d better bring snacks-and a plan.
- If SOL can muster the courage to defend $130 or $128, maybe there’s hope. Otherwise, it’s a one-way ticket to $120 and beyond.
Solana’s price has been as stable as a toddler on a sugar rush. After briefly flirting with $155, it took a nosedive, dragging Bitcoin and Ethereum into the chaos. Now it’s stuck in a loop of “hold on, I think this is a support level” before plummeting again. The recent low at $128? That’s not a number-it’s a cry for help.
Right now, SOL is trading below $140 and the 100-hourly SMA, which is like saying your savings account is below your budget. Resistance at $136 is more stubborn than your neighbor’s cat refusing to come in. The 23.6% Fib retracement level? That’s just crypto’s version of a “maybe”.
The next hurdle? $140, which is basically the “you’ve got this” pep talk of crypto. Break through to $142, and maybe we’ll see a rally. But hit $150, and suddenly we’re talking about a comeback worthy of a Netflix doc. If not, it’s back to the drawing board-or the $120 support zone.
Another Decline In SOL?
If SOL can’t crack $140, it’s time to pack your bags for the $130 or $128 support zones. These aren’t just numbers-they’re lifelines. And if $128 falls? The next stop is $120, where the bears are throwing a party you didn’t invite to.
A break below $128 could send Solana tumbling toward $108, which is about as exciting as watching paint dry. But hey, at least it’s consistent.
Technical Indicators
Hourly MACD – It’s like a bear market’s personal trainer, pushing the price further into the red.
Hourly RSI – This one’s below 50, which is crypto-speak for “we’re not even trying anymore.”
Major Support Levels – $130 and $128. If these hold, it’s a win. If not? Cue the sad trombone.
Major Resistance Levels – $136 and $140. These are the “get out while you still can” signals in disguise.
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2025-11-18 08:13