Solana, that noble beast of the blockchain, has once again proven it cannot even muster the dignity to stay above $140, instead nosediving like a drunkard at a funeral. Now it wallows below $135, where the specter of recovery seems as likely as a camel winning a beauty contest.
- SOL, with the grace of a tipsy sailor, has careened below $136 and $135, leaving the US Dollar to chuckle at its misfortune.
- The price, now nestled beneath $135 and the 100-hourly SMA, resembles a beggar clinging to the last crumbs of hope.
- A bearish trend line, sharp as a butcher’s knife, guards $138, while the hourly chart of SOL/USD whispers dire prophecies (courtesy of Kraken).
- If bulls dare defend $128 or $125, they might just conjure a recovery-though optimism here is like expecting a vampire to host a tea party.
Solana’s Descent into Absurdity
Solana, that tragicomic hero of crypto, failed to hold above $140, joining Bitcoin and Ethereum in their grand opera of decline. It slithered below $138 and $135, as if the very numbers conspired to mock it. The bears, now in full regalia, have dragged it below $132, where a pitiful low of $124 was etched into the annals of history.
The price, ever the hopeful fool, tried to rally a few points-only to cling to the 23.6% Fib retracement like a drowning man to a lifebuoy. Now it languishes below $135 and the 100-hourly SMA, a pauper in a kingdom of millionaires.
On the upside, $134 and the 50% Fib level loom like mirages in a desert. But mark my words-the true battleground is $138, where a bearish trend line crouches, fangs bared. Should SOL claw above this cursed threshold, it might yet summon the spirit of $144 or even $150. But let us not confuse hope with strategy.
A Symphony of Sinking SOL
If $133 proves as impregnable as a fortress, SOL will stumble into the $129 wasteland, where the $125 support zone awaits like a siren’s song. A break below that? Prepare for the $120 abyss, and if the $120 line falls, the $112 pit will yawn wide enough to swallow dreams whole.
Technical Indicators
Hourly MACD – This once-proud indicator now limps through the bearish zone, a broken sword on a forgotten battlefield.
Hourly RSI – Perched above 50, it teeters like a tightrope walker over a volcano, daring fate to laugh.
Major Support Levels – $129 and $125, where hope clings to the rocks like lichen.
Major Resistance Levels – $133 and $138, where the bears hold court and the bulls weep into their cigars.
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2026-01-22 08:11