You Won’t Believe What’s Squeezing Solana (SOL) Right Now! đŸ’„

by

TL;DR

  • Solana’s Bollinger Bands are so tight—if they got any tighter, they’d turn into skinny jeans. Traders say this usually means something wild is brewing. Hold onto your hats, or, at least your crypto wallets!
  • Despite a slight dip (think hangover, not coma), crypto cheerleaders see SOL shooting up to $240 or even $300. Yes, really.

Solana Doing the Unthinkable

Silence Before the Roar? Or Just the Neighbor’s Cat Again?

Solana’s SOL: down 3% this week and not doing much—kind of like my Uncle Larry after Thanksgiving dinner. Trading between $145 and $149, SOL is napping harder than a bored security guard.

But wait—cue the spooky music đŸ‘»â€”some chart-reading wizards think this dead-calm might be a sign that things are about to go bananas. The all-knowing Bollinger Bands have “squeezed” on the four-hour chart, according to X user Ali Martinez. (Yes, another chart, because what’s crypto without more lines and dots?)

Quick crypto history lesson: Bollinger Bands, invented by John Bollinger in the ‘80s, try to guess if you’re about to lose your shirt or buy everyone a round at the moon party. When they squash together, big moves tend to follow—either up, down, or sideways if the market just wants to mess with you.

Hey, it’s not just Solana. Remember XRP last year? Bollinger Bands squeezed, XRP exploded from about $2.10 to $3.40 faster than you can say “diamond hands.” Of course, the whole market was on fire then—Bitcoin nearly hit $110k (or as I call it, “early retirement fantasy money”). 🚀

Price Targets: Place Your Bets, Folks!

Despite last week’s snoozefest, SOL is still up 20% for the month, which is more than I can say for my New Year’s resolutions. Some analysts think it’s ramping up for another wild ride. Jelle, internet influencer and possibly psychic, says the monthly chart “is not looking too shabby”—and thinks $240 is back on the menu. Last time SOL was that high, it was January and we all still had hope.

Not to be outdone, BitBull chimed in, predicting SOL might impersonate Ethereum’s legendary 2021 performance. For reference, ETH started 2021 at $730 and ended it near $5,000, which is almost enough to buy eggs. Analysts say $120–$130 was the chill-out zone, and now $300 isn’t out of reach. Because hope springs eternal—especially in crypto.

Read More

2025-04-30 18:16