Solana’s $150 Trap: Real Deal or Hype?

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After a week of intense sell pressure, Solana is showing early signs of stabilization. Fresh technical and on-chain signals align, but let’s be real-this is just the crypto version of “I’m fine, really.” 😂💸

TD Sequential Flashes Buy Signal on Solana

A potential bottom? Maybe. Ali Martinez says there’s a TD Sequential buy signal on the daily chart. For those who don’t speak crypto, that’s like saying “I’m not mad, I’m just disappointed.” 🧠💥 The pattern shows multiple red candles followed by a green “1” count. Sounds like a toddler’s coloring book. 🎨

If Solana stays above $150, it could rebound to $165-$170. But let’s not get ahead of ourselves. This is Solana, remember? It’s like a yo-yo with a death wish. 🕳️

Liquidation Levels Hint at Key Bottom Formation

Ted’s liquidity heatmap shows a dense accumulation of liquidation clusters around $145-$150. Because who doesn’t want to lose money in a cluster? 💸 The same structural support has “repeatedly returned following washouts.” Oh, great, it’s a repeat offender. 🤡

The clustering effect “often precedes a market reversal.” Yeah, like a toddler’s tantrum. Once these levels are cleared, price “reprices upward.” Because nothing says “upward” like a 10% drop. 📉

Short-Term Upside Targets Align for Solana Price

James says Solana is in a descending parallel channel. Pressing against the lower boundary near $150. Because nothing says “recovery” like a channel that’s clearly going nowhere. 🧭

Momentum indicators show “promising signals.” MACD histogram is narrowing. RSI is building “positive divergence.” For those who don’t speak jargon, that’s code for “we’re not sure, but let’s pretend.” 🤷‍♂️

On-Chain Activity Reinforces Solana’s Bullish Narrative

Nansen reports Solana has 17.2 million active addresses. Because everyone’s busy doing nothing. 🤡 The surge in transactions and user engagement “underscores strengthening fundamentals.” Or it’s just a bunch of people trying to catch a falling knife. ⚠️

432 million transactions processed. Solana’s the most active L1 chain outside Ethereum. Because Ethereum’s too busy being a snob. 🤷‍♂️

Final Thoughts: Solana Bulls Defend a Critical Level

Solana’s chart and on-chain metrics are “converging around a critical inflection point.” Which is just a fancy way of saying “we’re not sure, but let’s hope for the best.” 🤯

If Solana holds above $150, it could hit $180. But let’s not get excited. This is Solana. It’s like a rollercoaster that’s already been on 100 times. 🎢

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2025-11-10 01:28