In the shadow of August’s hubris, Solana now limps through the autumn of its aspirations, having shed half its value like a wolf losing its fur. The bear market, that old Soviet comrade, has returned to whisper bitter truths into the ears of investors.
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Active addresses? They’ve dwindled to 60.1 million, a 5.7% drop. Fees? A 21% plunge to $14 million. One might call it a “recession,” but in crypto, we call it “adjustment.” 🪦
Total Value Locked (TVL) has nosedived to $18.57 billion-a far cry from its $30 billion heyday. Yet, in SOL terms, it ascends! A triumph of accounting over reality. 📊🚀
Stablecoins, that modern Promethean flame, now retreat from exchanges like so many Icaruses, their outflows shrinking from $94 billion to $85 billion. Even the adjusted transaction volume, $238 billion, feels like a lie in a world of zeros. And holders? They’ve evaporated by 9%, leaving 3.4 million souls to ponder their choices. 🤡
Solana Price Technicals: A Dirge in Four Measures
The daily chart, that sacred scroll of modern alchemists, reveals SOL’s descent from $252.55 to $124.30-a fall from grace that would make Lenin blush. It now lingers below all moving averages, a ghost of its former self.
The bearish flag pattern, that capitalist cross, has been confirmed. Sellers march toward $100, that psychological quicksand. A 20% plunge awaits the brave-or the foolish. 💸
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2025-12-23 22:13