You Won’t Believe What Solana Might Do Next 🤯

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Solana (SOL), much like that one friend who swears they’ve changed but keeps borrowing your charger, has wandered back down to support again – currently down 6.3% for the week. Yet, a heroic 7-month ascending trendline stands beneath it like a cosmic safety net, ready to catch any unfortunate stumbles. Momentum indicators are also loitering nearby, possibly contemplating switching to optimistic mode at any moment. ✨

A shallow reversal for $SOL, or more to come?

If you’ve ever stared at a short-term chart long enough to convince yourself you’ve attained enlightenment (only to realize you just needed a snack), then you may know the joy of zooming out. Yes – sometimes it’s best to stop squinting and instead look at the bigger galactic picture of support and resistance.

On the 4-hour chart, $SOL has plopped itself onto the $192 support level like a cat claiming the warm spot on your laptop. This level has been holding up rather well, thank you very much, and may yet provide a respectable bounce. Should the price swan-dive through this area, fear not – there’s an even more important trendline below, practically waving little flags that say “I got you, buddy.” Only when price dips beneath that and makes a lower low should one begin to panic – possibly slowly, dramatically, and with a distant scream. The bottom of the channel remains the final “We absolutely must not cross this” line.

200-day SMA bolsters trendline support

The daily chart shows the 200-day SMA strolling alongside the trendline like a loyal travel companion who brought snacks. This makes the support extra sturdy – almost disturbingly so. And if you squint back into price history (preferably with dramatic music playing), you’ll see that the $192 level has been consistently Important™.

Meanwhile, the Relative Strength Index has broken free from its descending trendline and may return to test it – presumably for emotional closure. 💅

$SOL set to move back to the all-time high

On the weekly chart, everything looks positively calm – suspiciously calm, like the moment before someone says, “Watch this.” Price remains within the $176 to $202 zone, a range that could politely be described as “mild turbulence.” Should price decide to leave this zone in an upward direction, a heroic leap to $253 may be on the menu. 🍽️

With the ascending trendline acting like a steadfast sherpa, and Stochastic RSI indicators preparing to exit the basement, all conditions appear aligned for $SOL to burst upwards like an enthusiastic meerkat. A new all-time high? Quite possibly. And honestly, at this stage of the bull run, anything less would be a bit rude.

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2025-10-30 15:13