So, Solana’s price cleared $200 again, huh? Big whoop. Now it’s in this “unique position” for a downtrend. 🙄 Crypto analyst Melikatrader (catchy name) is all like, “Oh no, descending broadening wedge pattern!” Sounds like something I’d find in my closet, not my portfolio. 🧦
Solana Price: Resistance is Futile? Or Just Annoying?
Apparently, this wedge thing is historically bullish, but first, it might crash. Classic Solana, can’t do anything straightforward. 🌪️ And the bears? They’re having a party at the $200 level, rejecting Solana like it’s last season’s fashion. 👎
Melikatrader (still working on that name) says Solana might crash before it picks up pace. Great, just what we needed-more drama. 🍿 The wedge is between two trend lines, one descending, the other sloooowly sloping down. Sounds like my motivation on a Monday. 😴
So, the price might dip, then reverse, then uptrend. Or not. Who knows? 🤷♂️ It’s like trying to predict if I’ll finish my coffee before it gets cold. Spoiler: I won’t. Meanwhile, the support zone is at $192-$193, which is a 10% decline. Big deal. Unless you’re Solana, then it’s a whole thing. 😓
If it breaks out, the price will zoom upward, especially if the market decides to cooperate. Which, let’s be honest, is about as likely as me winning a marathon. 🏃♂️💨
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2025-09-05 14:13