The eternal optimists, those analysts, always forecasting a brighter future, like a mirage on the horizon of the desert of despair. Amidst the geopolitical turmoil, Solana, that altcoin darling, has retreated 10% in the past week, a mere trifle, a bagatelle, a drop in the ocean of cryptocurrency volatility.
After a brief, shining moment of glory, retesting the $168 resistance, Solana has fallen back to earth, or rather, to the $140 zone, a purgatory of sorts, where it has languished for three days, a prisoner of its own making.
But fear not, dear investor, for market watcher Lluciano has decreed that Solana “may dip a bit more, but the ultimate target is seriously huge.” Ah, the promise of untold riches, a siren’s song, luring the unwary onto the rocks of financial ruin.
And what of the chart, that mystical realm of lines and patterns? A one-month falling wedge, a breakout waiting to happen, a veritable powder keg of profit, just waiting for the spark of investor enthusiasm to set it off.
But not everyone is convinced. Crypto Bullet, that Cassandra of the cryptocurrency world, forecasts a retest of the April consolidation range, a dismal $125-$135, a far cry from the heady heights of $240.
And then, of course, there is Altcoin Sherpa, that sage of the altcoin universe, who opines that Solana won’t outperform, won’t shine like it did in the halcyon days of 2021/2024. A bleak future indeed, a slow and painful bleed in the SOL/BTC chart.
As of this writing, Solana is trading at $145, a 12.1% decline in the monthly timeframe, a mere bagatelle, a drop in the ocean of cryptocurrency despair. 🤣
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2025-06-20 09:05