SOL to $145? A Cautionary Tale 🧐

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Well, now, let me tell you about this Solana business. Seems folks are gettin’ all riled up about it hittin’ $145. Market’s got the vapors, see? Everybody’s bettin’ the farm it’ll break through. Both the sensible sorts and them speculative gamblers. Confidence is a-swellin’, they say. But, bless their hearts, they ain’t lookin’ at the whole picture.

Now, the clever chaps doin’ the lookin’ under the hood, they’re a bit more… circumspect. They’ve noticed folks ain’t actually usin’ Solana like they used to. New wallets? Down right plummeted! From a respectable 30.2 million in November to a paltry 7.3 million not long ago. A sizable drop, you must admit. 📉

It’s like buildin’ a fancy saloon, but nobody’s comin’ to drink the whiskey. Price can go up just on hopeful whispers, mind you, but there’s rarely substance to it. Still, these traders, they seem mighty keen on gettin’ ahead of the game, pushin’ the price up like boys racin’ for a prize.

Optimism is runnin’ wild, even whilst the actual doin’s on the Solana network are – shall we say – takin’ a breather. It’s a curious imbalance, I tell ya. Like a fine carriage pulled by a tired old mule. The speculators see opportunity, while the true underpinnings seem to be laggin’ behind. A House built on sand, if you ask me. 🤷

So, Solana’s at a crossroads, you see. Sentiment’s drivin’ the price, but network growth best follow suit to keep things spry. Otherwise, it’s a party with no guests.

Breaking the Channel-A Change in Tune?

Seems Solana’s finally busted out of a rather dreary channel it was stuck in for quite some time. A bit of a turnaround in its fortunes, they claim. Price is hoverin’ ’round $140, with $145 standin’ as a right proper gatekeeper. Get past that, they say, and we might see $150, even $170. Oh, the audacity!

And wouldn’t you know it, some indicator called a “MACD” seems to agree. Says it’s turned bullish. These modern contraptions…always got somethin’ to say. Still, a clear and steady climb is what’s needed. If it can’t hold its ground above where it was, it’ll likely tumble back to its old habits.

Solana’s Secret Stash – Exits from the Bank

Now, listen closely. Seems folks are quietly takin’ their Solana out of the exchanges. Netflows are down-around -$1.53 million, while the price’s lingerin’ near $140. That indicates a lack of eagerness to sell, which is usually a good sign… for the price, at least. But it ain’t no stampede, mind you. Steady support, not a gold rush.

Still, if them sellers decide to return to the scene, expect a change in tune. But for now, the flows are smokin’ in favor of the bulls, providin’ a solid foundation for the price to climb. 📈

Short Sellers Get a Taste of Their Own Medicine

Looks like them that bet against Solana are learnin’ a harsh lesson. On the 12th of January, some $7.24 million in short positions got liquidated-far exceedin’ the losses on the long side. Seems they were hopin’ for a drop that didn’t come. Poor souls.

And Binance and Bybit, them big exchanges, saw a hefty share of the losses. If Solana breaks above $145, expect another flurry of forced sellin’.💥 A grand spectacle, I assure you. A swift ascent, driven by the misfortunes of others.

Everyone’s Bet is on Long

This here “OI-Weighted Funding Rate” flipped positive, which means folks are payin’ a premium to stay long on Solana. A sign of conviction, they say. But overconfidence is a fool’s errand, mark my words. A crowded room is easily jostled.

But for now, things seem stable. The leverage is supportin’ the move, not distortin’ it. If funding stays controlled, Solana might keep climbin’. But watch for any spikes, they often precede a tumble.

Can Solana Actually Get Past $145?

Solana’s got the momentum and the positioning to give $145 a good run for its money. Though network growth is slowin’, traders are holdin’ the reins. Sentiment’s leadin’ the way, and for now, that’s enough.

As long things remain calm and supply stays tight, Solana’s got a favorable wind at its back. It just might push past $145 and keep climbin’. Seems likely enough, at least.

Final Thoughts

  • Solana’s structure and positioning are lookin’ promising, givin’ buyers a strong hand near resistance.
  • Momentum’s taken over, givin’ the bulls the upper hand to extend the rally beyond $145-or so they hope.

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2026-01-13 05:22