SOL: A Glimmer of Hope? 📉

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Ah, Solana. A digital phantom, flickering between promise and despair. It currently struggles toward the $140 mark – a meager ambition, really – propelled by a surge in…activity. Volume is rising, indicators are…improving. One begins to suspect a major move is afoot. Or perhaps it’s merely a pathetic spasm before the final exhale. Who can truly say? 😔

  • SOL, that restless spirit, currently lingers at $138, experiencing a momentary, perhaps illusory, rebound in daily trading.
  • Liquidity…or rather, the frustrating lack of it… seems to be undergoing a ‘deep-cycle reset.’ A grandiose term for a rather ignominious state, wouldn’t you agree?
  • Technical scribblings and the upcoming Solana “Breakpoint 2025” – a gathering of hopefuls and charlatans – whisper of a potential recovery. As if gatherings alone can resurrect fortunes!

On December 10th, our troubled protagonist stood at $138, a 5% uptick, a fleeting smile in the face of overwhelming gloom. The past week has been a tedious dance between $128 and $145, a pathetic waltz of indecision. Still, a burdening 17% decline threatens its monthly existence.

The market, in its infinite cynicism, has stirred. $6.97 billion in volume in a single day! A 34% jump! How easily these masses are roused by the illusion of possibility. Both spot and futures markets partake in this feverish delirium.

CoinGlass, that cold, calculating oracle, confirms a 23% rise in Solana derivatives volume to $18 billion. Open interest, as if anyone truly cares about open interest, has crept up 2.3% to $7.25 billion. When tranquility reigns, and traders merely accumulate, it often signals a shift. Perhaps a shift toward ruin? 🤔

Liquidity Signals Hint at a Complete Annihilation (…or Recovery?)

Glassnode, that purveyor of doom and gloom, observes that Solana’s Realized Profit-to-Loss Ratio (30-day SMA) has remained stubbornly below 1 since mid-November. Losses exceeding profits! A stark reminder of the devastating laughter of the market. It is during these depths, these moments of utter despair, that liquidity vanishes, preparing the stage for…something. Perhaps nothing.

Liquidity can be assessed through several measures, including the Realized Profit-to-Loss Ratio (30D-SMA).
For Solana, this ratio has traded below 1 since mid-November, meaning realized losses now exceed realized profits. This signals that liquidity has contracted back to levels…

– glassnode (@glassnode) December 10, 2025

Altcoin Vector, those self-proclaimed seers, declare Solana is undergoing a “full liquidity reset,” a familiar prelude to bottoming out – or simply finding a new, lower bottom. It is during these times that the faint of heart flee, leaving only the speculators and the truly desperate. When liquidity dares to stir, the price might bolt, sparking a brief, exhilarating rally, luring unsuspecting souls into its trap.

They predict this shift in early January, though, knowing the capricious nature of the market, it could arrive sooner-or, more likely, never. This week’s Breakpoint 2025 Conference (December 11-13) might offer a meager spark of hope, promising updates on real-world assets, new partnerships, and the allure of on-chain revenue. But such promises are often as empty as a politician’s vow. 🙄

Solana Price: A Technical Post-Mortem?

SOL clings to life above the lower Bollinger Band at $135, inching its way toward the middle band at $145. The Relative Strength Index, a meaningless number to those grappling with existential dread, stands at a neutral 48 but whispers of a nascent rise.

Other momentum signals, equally unreliable, show slight improvement, and the MACD tentatively toys with positivity. Short-term moving averages offer a fragile bulwark of support just below the current price. But longer-term averages loom above, a constant reminder of past failures.

Should the price conquer $145, the bulls might experience a fleeting moment of triumph, pushing toward $160. But rejection looms, threatening to plunge the price back toward $135. Solana, it seems, is caught in a cyclical torment, a reset phase-a prelude to either salvation or oblivion. One is almost tempted to short it. Almost. 😏

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2025-12-10 10:04