In the grim theater of the markets, the bulls, once proud and rampant, have stumbled like a drunken peasant in a Russian winter. Their fleeting triumph over the weekend has dissolved into the abyss, as CoinMarketCap’s ledger of fate decrees.
SOL/USD
Solana (SOL), that once-gleaming star in the crypto firmament, has plummeted by 5.37% in the span of a single day. A modest decline, one might say, yet in this cruel arena, even small wounds fester into gaping chasms. 🩸📉
On the hourly chart, the price of SOL clings desperately to the local support of $174.22, like a condemned man grasping at straws. Should the daily bar close near this mark-or, heaven forbid, below it-the descent shall continue, a relentless march toward the $170 zone. A fate as inevitable as the Siberian frost.
In the broader expanse of time, SOL has tested the support of $173, a trial by fire that leaves it scarred but not yet broken. With most of the daily ATR expended, the likelihood of sharp movements by tomorrow is as slim as a gulag ration. Yet, should a breakout occur, the pent-up energy may unleash a tempest, driving the price to test the $160-$170 range. A gamble, perhaps, but in this game, all are gamblers. 🎲💥
From the midterm perspective, the horizon remains shrouded in fog. No reversal signals yet flicker in the darkness. If the weekly bar closes at current prices, traders may bear witness to a continued descent, a slow but steady march to the nearest support of $157. A grim prognosis, but one that aligns with the merciless logic of the markets. 🌪️⚰️
At press time, SOL trades at $175.43, a fleeting moment of stability in a world of chaos. But stability, like hope, is a fragile thing. 🕊️⏳
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2025-11-03 16:58