Solana Tumbles: Crypto Chaos or Comeback? 😱

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Ah, Solana’s price, that plucky little token, is putting on quite the tragicomedy these days, slinking back towards the £180 mark like a butler who’s misplaced the silver. The short-term forecast? Rather cloudy with a chance of downpours, old fruit. 😔

will the support stand firm, or shall we brace for a deeper plunge into the abyss? Jolly good question. ❓

Technical signals whisper of woes ahead as Solana teases key support

Gazing forward, the technical portents are anything but cheery. SOL‘s Relative Strength Index (RSI) is skulking near oversold realms at a measly 39 on the daily chart, indicating momentum that’s weaker than a half-hearted handshake-further slips a distinct possibility if the selling spree continues unabated. 😬

The 20-day and 100-day moving averages are converging like gossiping aunts at afternoon tea, with the price perched just above the venerable 200-day average. Should Solana breach $180, the next cushion awaits at $168-echoes of last week’s calamity-and perchance $150 if the entire market decides to throw in the towel. Perish the thought! 🛡️

A bullish about-turn would demand stout defence of the $180 line, pursued by a brisk hop back over the 100-day average to restore the faithful’s spirits. Salutary sparks might arise from corporate hoarding anew or a surge in chatter about impending Solana ETF unveilings. History shows both have ignited SOL’s price like a dash of brandy on a pudding. Absent such boons, though, the spectre of additional losses looms large-dashed inconvenient. 🍸

Indeed, institutional nibbling and regulatory nods have in times past propelled Solana to the stars. Without them, we’re left contemplating the bears’ banquet. What ho! 🐂

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2025-10-17 11:25