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Solana’s Spectacular Soiree: Will It Waltz to $185 or Trip on the Way?

BBG News

Ah, dear Solana (SOL), how splendidly you flirt with the bullish whimsy again! In the last 24 hours, this token has pirouetted up by 3.5%, now shimmying around $163.76. That’s a dazzling 11.74% gain since the balmy days of July began. Over the past week alone, SOL has leaped a starry 7.4%, eclipsing several rather pedestrian altcoins in this little crypto cabaret. 💃

But alas, is this merely a temporary twirl or a grander performance in the offing? 🎭

Solana’s Market Outlook – A 2025 Recap of Dramatic Machinations

Oh, 2025, you saucy minx! January started with a flourish, blooming at a splendid 22.3%. But hold onto your hats, darlings, as Q1 culminated in a rather disastrous plunge of 34.1%, thanks to February’s extravagant dip of 36% and a pitiful 15.7% nosedive in March. What a show! 🎢

Fear not, for the second act brought a much-needed reprise! April and May waltzed in with gains of 18.6% and 6.11%, respectively, even if June made a slight 1.08% descent. Simply scandalous! 💅

At our grand opening of July, SOL strutted in at $146.90, and since then has fluffed its feathers with an extra $17, now prancing around $163.76. What a delightful spectacle! 🎉

Fibonacci Levels: A Playful Hint of Pullback, But Rally to $185 is Still on the Cards

Veteran financial oracle, Matthew Dixon, posits that we may face a charming little pullback or perhaps a trivial sideways shimmy soon. Brandishing his Solana chart on X, he mused that our current price structure is as classic as a Wave 4 formation, possibly teasing us with a dalliance down to the $152–$158 range (according to the ever-mysterious Fibonacci). 📉

But do remain poised, my friends. Dixon is still casting a hopeful gaze at the medium term. If SOL keeps its dainty toes above the $150 support zone, we might just ignite Wave 5, eyeing a gleeful leap to $175 or even a tantalizing $185, guided by past resistance and fabulous Fibonacci extension levels! ✨

What’s Next for Our Dashing SOL Price?

Dixon does caution, however, that should Solana tumble below $145–$148 with gusto, our jubilant bullish trend may face a rather unceremonious exit, possibly ushering in a complex correction rather than a triumphant rally. 🚨

So, here we are! Solana is frolicking with a spirited bullish momentum, and while short-term consolidation may take center stage before the potential leap to $185, we must keep our eager eyes glued to the $150 support. It’s the pivotal point that could either elevate our festivity or bring down the curtain! 🎩

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2025-07-11 13:38

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