SOL’s Tragic Ballet: Will It Waltz to $100? 🩰💸

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Ah, the wretched SOL (SOL), once a proud dancer in the crypto ballet, now stumbles at the $145 mark, its tutu tangled in the nettles of negative ETF flows! 🌪️💔 For the first time since its grand premiere, the Solana ETF has spat out $8.2 million, like a disgruntled patron hurling a rotten tomato at the stage. 🍅

Key Farces:

  • Solana’s TVL has plummeted 20% in November, while network fees shriveled by 16%, as if the audience has fled the theater mid-performance! 🎭👻

  • A bear flag waves ominously, foretelling a descent to $100, a tragic finale no one wished to see. ⚓🌀

SOL’s Recovery: A Farce Amidst Onchain Apathy

As the jesters at CryptoMoon cackle, the spot Solana ETFs have ended their charade of net inflows, their first net outflow a harbinger of doom. 🤡📉 This, my dear reader, is the institutional crowd yawning and exiting the theater, leaving poor SOL to perform to empty seats. 🪑

Nansen’s data, that grim accountant, reveals a 6% dip in active addresses and a 16% plunge in network fees over the past week. 📊💀 The stage grows darker, the music fainter, and SOL’s total value locked (TVL) has shrunk 20% this month, from a September high of $13.23 billion to a meager $9.1 billion on Nov. 11. 🕳️

Among the fallen stars, Jito’s TVL has nosedived 33%, while Jupiter (-28%), Raydium (-31%), and Sanctum (-22%) follow in a tragic procession. 🌌⚰️ Though this does not seal SOL’s fate below $150, the technical omens suggest the worst is yet to come. 🔮

Stagnant network fees and a derivatives market as lively as a graveyard at midnight could further delay SOL’s recovery. 🦴🕰️

Upbit’s Heist: A Plot Twist No One Asked For

Just as SOL was limping toward recovery from its $120 lows, the Upbit hack swooped in like a vulture, snatching $36 million from its Solana hot wallet on Thursday. 🦅💰

🚨 ALERT: Upbit halts deposits and withdrawals after $38.5M vanishes into the ether, claiming it will cover the losses. 🕳️💼

– CryptoMoon (@CryptoMoon) November 27, 2025

By freezing SOL transactions, Upbit has thrown a wrench into the machinery, potentially amplifying sell-offs and fostering volatility that could shatter any bullish dreams of $150. 🔧💥 SOL’s price climbed 3% to $143 post-announcement, a feeble gasp of resilience, but the gains are as fleeting as a ghost in the night. 👻

SOL’s Bear Flag: A Descent into the Abyss

Behold, the six-hour chart reveals a bear flag, a pattern as ominous as a raven’s caw. ⚓🦅 Formed after SOL’s peak at $170 on Nov. 17, this flag has persisted, with the price creeping upward like a condemned soul toward the gallows. 🪦

A break below $140 will confirm this dire pattern, opening the gates to a bearish plunge toward $99. Such a fall would spell a 30% loss, a tragedy of Shakespearean proportions. 🎭💔

Trader MR Ape, that sage of the markets, declares $145 the pivotal point, for it has “rejected the price three times already, and momentum wanes like a dying ember.” 🔥💨

“SOL stands at a crossroads; the market shall reveal its cruel hand here.” 🃏

CryptoMoon’s soothsayers warn that a drop below $120 could send SOL/USDT spiraling to $110, then $95, where buyers, like reluctant saviors, may finally intervene. 🛡️

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2025-11-27 20:22