Solana’s $180 Dream: Can It Fly? 🚀

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Oh, Solana, darling, it’s attempting to stabilize near the $133 support-how quaint. A level that’s repeatedly acted as a high-reaction zone, much like a dramatic diva in a soap opera. 🎭 This ongoing defense comes during a week where broader crypto markets remain as fragile as a teacup in a tornado. But oh, SOL’s internal structure is beginning to show early signs of resilience-if resilience is the word for a coin that’s still flirting with the idea of a recovery. 🤭

The Solana price today is fluctuating between $131-$135, forming a tight consolidation zone that traders are watching closely. With several indicators aligning across multiple timeframes, the coming price action may determine whether SOL is preparing for a recovery leg or another liquidity sweep towards lower supports. How thrilling. 📉📈

Liquidity Clusters Show Sellers Exhausting Near $140

TedPillows noted that most downside liquidity has already been taken out, with new clusters sitting around the $140 level, suggesting that region may soon be swept in a volatility-driven move. Liquidity maps show thinning sell pressure below current prices, increasing the probability that market makers will target higher levels next. How predictable. 🕵️♂️

As long as SOL holds above the $131 to $133 demand band, participants expect the next liquidity grab to occur towards $140, where several prior imbalances remain untested. Because nothing says “excitement” like a well-timed liquidity grab. 🎯

Market Structure Sits at Crucial Retest Levels

SOL is currently retesting the previous strong-high region, a structural pivot that often decides larger macro direction. Broke Doomer notes that the “next few candles could determine December rallies or further downside.” How poetic. 🕯️

If buyers reclaim the mid-range levels, the roadmap opens towards the $172-$180 region, aligning with previous structural highs on the daily chart. But until a convincing reclaim occurs, SOL remains in a neutral-to-cautious phase. Neutrality is the new black, darling. 👗

Fibonacci Reaction Zone Shows Bullish Potential

Famous crypto analyst Eljaboom provided one of the most important higher-timeframe signals: both ETH and SOL are reacting strongly from the 75% Fibonacci retracement, a level historically associated with deep-correction reversals. Ah, the 75% Fib-where dreams are made and losses are incurred. 🌟

The 75% Fib level around $121-$126 for SOL has held firmly, producing a reaction candle that often precedes multi-week recoveries. This is the same retracement level that triggered major bounces in previous bull cycles. History repeats, but never as elegantly. 📈

Analyst views this as the first sign that Solana may be forming a base rather than continuing deeper into bearish territory. A base? How daring. 🦄

Additionally, 0xBossman posted that Solana is showing characteristics of a local bottom, with both long and short positions being liquidated aggressively, behavior typical of trend exhaustion. Exhaustion? How exquisite. 🧘♂️

The Solana price highlights a tightening structure between the $132-$146 range, where volatility often precedes the beginning of a new recovery wave. Volatility, the ultimate thrill-seeker. 🎢

Solana Price Prediction: Can SOL Rebound Towards $150-$165?

Using the higher-timeframe Fibonacci reaction shared by Elja, the Solana price prediction leans cautiously bullish as long as the $131-$133 support zone continues to hold. Cautiously bullish? How dramatic. 🎭

The reaction from the 75% Fib level is significant because deep corrections often reverse from this zone, forming the base for the next impulsive leg. If SOL continues to stabilize above support, the next logical move is towards overhead liquidity and mid-range resistances. Overhead liquidity? How romantic. 💘

A reclaim of $140 would confirm the start of a recovery phase. From there, upside targets become $150 followed by $172-$180 zone. Momentum structure supports this scenario mildly, with weakening sell pressure, bullish reaction from key Fib levels, and liquidity thinning below price. Mildly supportive? How generous. 🤝

Final Thought: Can Solana Extend Recovery Towards $200?

While $200 is not an immediate target, the underlying structure suggests it is not unrealistic if the market confirms a full recovery cycle. The reaction from deep Fib levels, improving liquidity profile, and strong historical behavior around these zones all hint that Solana price may be early in rebuilding a bullish foundation. Should SOL break above $165 and later $180, the pathway towards the $200 region becomes increasingly attainable. Attainable? How optimistic. 🌈

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2025-12-07 01:29