Solana Rises, Falls, Sighs: The Drama Continues at $155 (You Won’t Believe #4!)

by

In a gesture reminiscent of a Parisian courtesan, Solana has fluttered above the $150 threshold, then promptly grown weary of the heights and begun its inevitable retreat. The price, like a genteel debutante facing a dance card empty of eligible suitors, now finds the $155 mark to be an insurmountable bore. 🥀

  • After a spirited but ultimately fruitless flirtation with $155, SOL price executed a dramatic swoon, tumbling in the direction of the US Dollar’s arms (which, it must be said, are always open but seldom inviting).
  • Now, with the grace of a cat in an existential crisis, the price is languishing around $152, caressing the 100-hourly simple moving average as though it might be persuaded to offer consolation.
  • The hourly chart writers at Kraken, who frankly deserve a medal, have scribbled in a bullish trend line at $151. One can only hope this line is more supportive than certain members of one’s family.
  • Should the heavens part and $156 fall, like ripe fruit, into Solana’s trembling hands, a fresh ascension could be staged. One awaits the orchestra’s cue with trepidation.

Solana Price Loses Its Nerve (Again)

Solana, having once conquered the icy cliffs of $150 with the élan of a Wildean dandy invading the Riviera, ascended above $152, believing itself to be positively magnetic. It even soared past the 50% Fib retracement—proof that mathematics, like art, is best left ambiguous.

But alas! Bears appeared near $156, brandishing the 76.4% Fib retracement the way a particularly annoying aunt wields family secrets. Above $156, dear SOL found no sanctuary—only the icy rebuffs of resistance and the chilling specter of the $160 “main event.”

The price, discouraged, slipped beneath $154, eyeing $152 and the 100-hourly moving average as if they were an old flame: familiar, underwhelming, yet reassuringly stable. The bullish trend line at $151 now doubles as a faint hope and a fainting couch.

Upwards, $155 stands barricaded, a fortress guarded by memories of past humiliations. Should this be conquered, there lies $156, then $160—the latter a mythical land visited only in fever dreams. And beyond? $162, and if the stars align, $165: a place where few have journeyed and fewer have returned, except to brag at dull dinner parties.

Will SOL Descend Into Melodrama?

Should SOL fail at $155—as so many do at life’s most trivial hurdles—a fresh descent is on the menu. Initial support lurks at the credibly threatening $150, soon followed by a plunging waltz to $146.

Break $146 and the spiral continues toward $142, which is where wallet balances go to write poetry. A close below $142, and the next salon is $136—an address frequented by only the most pessimistic of traders and existentialists.

Technical Apparitions

Hourly MACD: Like a Wilde play after intermission, momentum is losing its lustre in the bullish salon.

Hourly RSI: Below 50, which is, of course, rather gauche.

Major Supports: $150, for those who prefer solid foundations, and $146, for the damned romantics.

Major Resistances: $155, for the optimistic, and $160, for the deluded.

Read More

2025-07-04 08:17