If Solana breaks the $120 wall, get ready, because the next floor waiting for us is in the three digits and the tension is felt in every candle on the chart. 📉
Things are looking grim, family. Our dear Solana (SOL) is dealing with relentless selling pressure. As I write this, the price is flirting with $122, and honestly, the market bears are sharpening their claws to push us below $120. 🐻 If that support gives way, the ground is clear for a direct trip to $100 or even $90. It's insane to think about where we were a few months ago!
To help you understand the gravity: SOL has fallen by 38% this last year, a figure that hurts more when you see that Bitcoin and Ethereum, although they have also suffered, have remained much more stable with drops of 11% and 16%. We are at a technical point where the momentum simply vanished. The price is far from its 50-day moving average (which is around $160), telling us that, for now, any increase is hitting a concrete wall. 🧱
Why is this happening? We have a heavy mix of low liquidity due to the end of the year, people taking profits, and a sense of fear that has investors paused. Indicators like the RSI and MACD are shouting at us that there is still room to fall more before the market gets tired of selling. 📊
But be careful, not everything is darkness in the ecosystem. 💡
Despite the price, Solana continues to be a beast processing transactions, and the big players on Wall Street haven't taken their eyes off it. In fact, Solana ETFs in the U.S. recorded inflows of fresh money just a few days ago, even when people were pulling money out of Bitcoin. This tells us that institutions see long-term value here, accumulating while the rest of us mortals are afraid. 🏦✨
We are in a "make or break" zone. The technology is there, and institutions are buying the dip, but the chart doesn't lie and the gravity is strong. Will this be the moment of final capitulation before a historic rebound, or do we have to learn to live in a world of SOL at $100 for a while? 🧐
Do you think institutional support will be enough to save Solana from the abyss of $100, or are we facing the start of a much harsher winter for this altcoin?\u003cc-31/\u003e
