Solana’s Descent: Will $100 Be Its Next Stop? 😂📉

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Key insights that might just make your eyebrows raise:

  • Solana ETFs continue to gather followers like a castaway on a desert island, with inflows ringing in a nice, round number – thirteen days straight. Lucky or doomed? You decide.

  • Meanwhile, SOL drops its multi-year upwardly mobile trend faster than a debutant at Ascot, slipping below a crucial moving average. Oh, the drama!

Despite the fervent whispers of institutional love, spot Solana ETF inflows are almost as steady as a caffeine addict’s heartbeat, adding another $1.49 million just yesterday. Total assets now top a modest $533 million – enough to make even the most hardened investor smirk. The Bitwise Solana ETF (BSOL) was the only rebel to show a glimmer of life, though even that was weaker than Aunt Mildred’s gin at Christmas.

The market’s gloom was as thick as fog in London, with Bitcoin ETFs hemorrhaging $866 million in a single day, marking the second-worst day since the dawn of digital gold. Ether ETFs weren’t far behind, shedding $259.2 million – the crypto equivalent of a bad hair day.

Yet, dear reader, the romance with Solana ETFs persists, even as the price chart resembles a rollercoaster with a sore head. Despite the constant stream of inflows, SOL stubbornly refuses to stay above certain levels, hinting at a rather unseemly correction lurking in the shadows.

SOL’s Price: A Tale of Betrayal and Broken Promises

The last two weeks have been a spectacle, with SOL losing over 34% – quite the dramatic nosedive to a modest $142, the lowest since June’s summer slump. It shattered a 100-week SMA and some multiyear upward trend that started in the winter of 2023, as if to say, “You’re not the boss of me.”

At present, Solana teeters around the dubious support level of $140, a figure as precarious as a house of cards in a breeze, with few willing to defend it below. That is, until someone refurbishes the defenses or, more realistically, the price skids towards the 200-week SMA at $100, where the last loyalists may still clutch their coins with fervor.

In a twist of ironic fortune, the URPD-another fancy metric-shows that most holders bought at prices above $140, making previous support levels weak and incredibly vulnerable, like curtains in a haunted house.

If the slide continues, the voyage may end at $100, the last bastion of hope for the brave or the foolish, depending on your perspective. The RSI, that faithful indicator, is at its lowest since the halcyon days of April 2025, signaling that SOL’s downward trajectory might just have a little more gas left in the tank.

As CryptoMoon cheekily suggests, a breakdown below $150 could very well send SOL down to $126, and if fate is really cruel, into the dark embrace of $100. Hold on tight, or better yet, find a sturdy chair and prepare for the show.

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2025-11-15 02:34