Ah, Solana, that capricious minx of the crypto world, has once again decided to play its favorite game of “Leapfrog with Resistance.” After a brief flirtation with the $85 threshold, it retreated with the grace of a goose in ballet shoes, trimming its gains as if they were the frayed edges of a bureaucrat’s overcoat.
- SOL, ever the optimist, embarked on a “decent recovery wave” above $78 and $80, as if it had suddenly remembered it left its dignity in the US Dollar‘s pocket.
- Now, it prances above $80, accompanied by the 100-hourly simple moving average, a loyal but somewhat dull companion.
- Behold! A break above a “key bearish trend line” at $81, as charted by the ever-watchful Kraken. One can almost hear the trend line sighing in resignation.
- Should it clear $82 and $84, it might continue its ascent, though one wonders if it will trip over its own enthusiasm.
Solana, that restless soul, remained stable (a rarity in its existence) and began a recovery wave above $78, mirroring the steps of Bitcoin and Ethereum, though one suspects it was merely copying their homework. It managed to climb above $80, a feat celebrated with all the fanfare of a minor saint’s feast day.
There was a move above the 50% Fib retracement level, a mathematical marvel that seems to exist solely to confuse the uninitiated. Additionally, it broke above a bearish trend line at $81, though one must ask: how many trend lines must it break before it learns to walk straight?
Alas, the bears lurk near $82.50, their claws sharpened by the 61.8% Fib retracement level. Solana now trades above $80 and the 100-hourly simple moving average, though one suspects it is merely biding its time before its next dramatic flop.
On the upside, immediate resistance looms at $82, followed by the formidable $84. The main resistance, $85, stands like a stern headmaster, ready to send Solana to detention should it misbehave. A close above $85 might set the stage for another ascent, with $92 and $95 as the next stops on this rollercoaster of absurdity.
But beware! Should SOL fail to rise above $82, it may tumble once more. Initial support lies near $80, with the first major support at $79. A break below $79 could send it spiraling toward $77, and a close below that might lead to a descent into the $74 zone, where it will likely sulk and mutter about the unfairness of it all.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone, though one wonders if it is merely running in circles.
Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level, a tepid endorsement at best.
Major Support Levels – $80 and $77, where Solana will likely pause to catch its breath and complain about the journey.
Major Resistance Levels – $82 and $85, the gatekeepers of its fleeting ambitions.
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2026-02-25 08:10