So, Solana’s been sitting there like a schlub at a bar mitzvah, barely moving. 🥱 The crypto market’s got more mood swings than a Curb Your Enthusiasm episode, and SOL’s just… there.
Started strong, like I thought about going to the gym this month. But now? Struggling harder than I do with small talk. Investors are split-some are cashing out like they found a $20 bill in their old jeans, while others are holding on tighter than I hold onto my grudges.
Solana Investors Selling Like It’s Going Out of Style
Last week, Solana holders were selling like I sell my ideas to Jeff-not well. Over $132 million worth of SOL hit the exchanges. 🚀🔥 Panic selling? More like panic *shilling*. Some are dumping at minor rallies, which is about as confident as I am at a vegan dinner party.
But hey, it’s not a full-blown disaster. The selling’s not strong enough to keep SOL down for long. It’s like a bad first date-uncomfortable, but not a total write-off.
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The STH NUPL’s in the capitulation zone. Translation? Short-term holders are selling at a loss, like I sell my stocks after watching the news. But historically, this is when things turn around. It’s like when I finally admit I was wrong-rare, but it happens.
Once investors stop selling like it’s Black Friday, the market might chill. Accumulation could kick in, and we might see a rally. Or not. Who knows? I’m just a guy with opinions and a microphone.
SOL Price: Bounce Back or Bounce Out?
SOL’s at $192, clinging to support like I cling to my coffee in the morning. Dipped below $200? Classic. But it’s holding, which is more than I can say for my New Year’s resolutions.
If it breaks above $200 and $205, we might see $213. Bullish? Maybe. But if selling keeps up, we’re looking at $183. That’s like going from a “pretty good” day to a “why did I get out of bed?” day.
So, what’s next? Who knows? I’m just here to make you laugh and maybe lose some money. 🤷♂️💸
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2025-10-16 17:52