Key takeaways:
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Solana’s twin dips below $180, twin peaks of despair and hope, whisper of a rendezvous with $250.
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Institutional suitors, with $156 million in weekly trysts, court SOL, seduced by the siren song of ETF nuptials 💍.
Solana (SOL), that capricious siren of the crypto sea, has traced a double-bottom upon the chart’s parchment-a cipher for bulls to decode, or perhaps a lover’s knot promising $250 in due time 🕵️♂️.
Bollinger Bands: A Sonata for Reversals
John Bollinger, the bard of bands, croons that it is “time to pay attention,” spotting W-bottoms on Ether and Solana-his bands trembling like harp strings plucked by fate 🎶.
The aria continues: SOL pirouetted near $175, twice dipping its toe into the $172-$174 shallows, a danse macabre flirting with oblivion. Yet here it stands, a phoenix preening in the glow of its own resilience 🦅.
The bands, those celestial parentheses, cradle the second low-a W-shaped sonnet of volatility. The first bottom, October 11’s $172 sigh; the second, Friday’s $174 flirtation with the abyss. A double act, perhaps, but the encore promises a leap toward $210, then $250-a crescendo in three acts 🎭.
“Solana’s RSI teases a breakout like a coquette batting her lashes,” quipped Lark Davis, crypto’s own Oscar Wilde, on X 🦋.
“A $250 climax awaits once the neckline snaps-like a corset’s lace finally loosened.”
“The bulls,” Davis added, “must not merely hold the 200-day EMA but serenade it with violins.” A delicate task, akin to taming a comet with a butterfly net 🎻.
Love Letters in ETF Ink
CoinShares’ scrolls reveal SOL’s ETPs swelled with $156.1 million last week-a dowry for the bride of blockchain. Yearly inflows now flirt with $2.8 billion, while Bitcoin, that jaded divorcée, endures $946 million in cold shoulders ❄️.
James Butterfill, the Cyrano of crypto, declared: “The ETF hype is the rose that drew the blood.” 🌹
The SEC, that drowsy sentinel, stirs at last-nine Solana ETF petitions await its yawn. Approvals could summon billions, as the phoenix of institutional capital spreads its wings, recalling REX-Osprey’s $33 million debut-a firework in July’s velvet night 🎆.
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2025-10-21 16:18