Solana’s Rocky Ride: Will Bulls Dodge the Bearish Bullet? 🎢

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Key Takeaways (Or, as I Like to Call Them, “The Unavoidable Truths”)

Will Solana bulls defend the $150 psychological support level? 🤔

Thus far, these gallant bulls have been holding the line at $150 like a butler defending the last cucumber sandwich at a garden party. But alas, whispers of a dip to $140 are circulating faster than gossip at a country club.

What price trend would follow this expected dip? (Spoiler: Nobody Really Knows)

Much like predicting whether Aunt Agatha will approve of your new mustache, it depends entirely on Bitcoin’s mood. If BTC stays above $98k-$100k, SOL might bounce from $140 like a rubber ball-or plummet further like a lead balloon.

Solana [SOL], that plucky little scamp of the crypto world, has suffered a nearly 10% drop from its weekly high of $171.9. At press time, it was lounging at $155, looking rather sheepish, as if caught sneaking into the biscuit tin.

Neither its dominance in the stablecoin market nor its impressive monthly revenue has been enough to spark a proper uptrend. One might say SOL is currently about as bullish as a goldfish in a shark tank. 🐟

On the 1-day chart, SOL has broken free from its symmetrical triangle pattern-much like a disgruntled housecat escaping its carrier-and lost control of the $180 support zone earlier this month. Since then, it’s been making lower highs and lower lows, which, in technical terms, is the market’s way of saying, “Cheerio, old chap!”

The OBV indicator, ever the bearer of bad news, confirms that this decline isn’t just a fleeting liquidity hunt but a full-blown sell-off-akin to investors fleeing a sinking ship, clutching their metaphorical life vests.

The MFI, never one to sugarcoat things, agrees with the sellers, lurking below 50 like a disapproving butler. Momentum? Bearish. Outlook? Grimmer than a Monday morning.

The Lower Timeframes Whisper of Doom (Or at Least a Mild Scolding)

On the 1-hour chart, the $145-$155 demand zone has been holding firm since November 4th-like a valet refusing to let you into the club without a tie. But now, it’s being retested, and frankly, it looks about as stable as a Jenga tower in an earthquake.

With Bitcoin [BTC] wobbling at $102k like a tipsy uncle at a wedding, there’s a fair chance this demand zone will crumble faster than a poorly baked soufflé.

The technical indicators, ever the pessimists, offer no hope of a bullish reversal. The OBV continues its downward spiral, and the MFI is sulking below 20, signaling oversold conditions-much like a toddler denied ice cream.

The liquidation heatmap, that cruel fortune teller, suggests a deeper correction is likely. $144 and $140 are key magnetic zones-like moths to a flame, or me to a free buffet.

They’ll likely drag SOL lower before any bounce occurs, assuming there is one. In short, Solana’s short-term outlook is about as cheerful as a rainy bank holiday. ☔

A dip to $140 seems inevitable, and with liquidity stretching all the way to $120, traders should brace themselves-much like one braces for Aunt Agatha’s annual visit.

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2025-11-13 10:25