SOL Just Plummeted 📉 Is It Dead?

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Oh, Solana. Bless its heart. It tried to hang out above $198, honestly it did. But, you know, gravity and a general sense of… volatility happened. Now it’s sulking below $195. Apparently, $188 is where it’s hoping for a little sympathy. Support, they call it. I call it wishful thinking. 🤷‍♀️

  • SOL decided to have a little downward stroll below $198. Because why not?
  • It’s currently hanging out below $195, and the 100-hourly simple moving average is probably judging it.
  • There’s this “declining channel” thing happening. Charts! So dramatic. Resistance at $200. As if a number can actually stop anything.
  • If it dares to go below $188? Buckle up. Things could get messy.

So, Where’s Solana Now?

It couldn’t even manage to flirt with $205. Pathetic, really. Honestly, beating Bitcoin and Ethereum on the way down is… an achievement? I’m questioning everything. It dipped below $200. Then $198. Officially in a “mood.”

Something about a 23.6% Fib retracement level? Look, I’m not pretending to understand that. There’s some bullish activity near $192, which is cute. Also, still that annoying downward channel with a resistance at $200. It’s like a really persistent ex.

Currently under $195 and a very unimpressed 100-hourly simple moving average. Resistance at $198. Then $200. Then… $205. If it actually breaks through $205, maybe, just maybe, it’ll try for $220. Don’t hold your breath. Or maybe do, if you’re into that sort of thing. I don’t judge. 🙄

Is This The Bottom? (Spoiler: Probably Not)

If it can’t be bothered to climb over $198, prepare for more decline. They’re talking about support around $192 and a 50% Fib retracement. Honestly, everything’s a percentage. The $188 level is supposed to be important. But let’s be real, it feels… precarious.

Below $188? Expect a tumble to $184. And if it messes that up? We’re heading back to $177. My emotional support crypto is going to need emotional support. 😩

Technical Indicators (because apparently, we need more jargon)

Hourly MACD – Apparently gaining pace in the bearish zone. Surprise, surprise.

Hourly RSI – Below 50. Basically, it’s feeling a bit… blah.

Major Support Levels – $192 and $188. Pray for them.

Major Resistance Levels – $198 and $200. Good luck with that. 🙏

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2025-10-30 08:13