Solana’s Price Plunge: A New Home for Your Crypto Dreams (and Tears)

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Solana’s latest move is like watching your ex get engaged on Instagram-except the ring is a $92 support level and the venue is a bear market.

  • SOL just dropped below $85 like my confidence after a third round of margaritas. Now it’s chilling under $82, which is apparently its new skincare routine.
  • The 100-hourly SMA? More like the 100th time you’ve checked your portfolio this week. Not pretty.
  • Kraken’s hourly chart shows a bearish trend line so strong, it’s got more drama than a reality TV show. Resistance at $82? Please, that’s just the price of a decent cup of coffee now.
  • If bulls defend $75 or $70, they’ll earn a gold star and a lifetime supply of “I told you so.”

Solana Price Dips Over 5%: A Masterclass in Despair

SOL’s recent decline is the crypto equivalent of a fashion faux pas-no one saw it coming, and now it’s stuck in a TikTok trend. It fell below $90 and $85 like I fall asleep during a rom-com. Bitcoin and Ethereum are like, “Hey, let’s all have a pity party!”

The bearish momentum? Let’s just say the price made a low at $77.30 and now it’s doing yoga (because nothing says “relax” like a bearish angle). The 23.6% Fib retracement level? That’s just code for “hope is a four-letter word.”

SOL is now under $80, which is about as exciting as a tax audit. Resistance at $80? More like “resistance is futile.” The next stop? $82, where the trend line is throwing a welcome party for bears.

If SOL breaks through $83.10, it’ll be the financial equivalent of a Cinderella story-except the fairy godmother is a chart analyst. Next up? $87, then $92. If you believe that, I’ve got a bridge in Brooklyn.

More Losses In SOL? A Journey Through the Seven Circles of HODLing

If SOL can’t crack $82, it’ll keep falling like my ability to remember passwords. First stop: $77. Then $75, where the support is as strong as my willpower on a diet. If it breaks below $75? Buckle up for a trip to $70-land, where your dreams of early retirement meet their maker.

A close below $70? That’s when you start questioning life choices. Next stop: $62. Enjoy the ride, it’s all downhill from here.

Technical Indicators: Because Nothing Says “Hope” Like Numbers

Hourly MACD – Bearish so hard, even a toaster could predict it.
Hourly RSI – Below 50, which is basically the crypto version of a participation trophy.
Major Support Levels – $77 and $75. If you need more, maybe try a support group.
Major Resistance Levels – $80 and $82. They’re resisting so hard, they should get a medal.

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2026-02-23 08:10