Solana is pumping again, but don’t let the green candles blind you. As a spot trader and long-term SOL investor, I feel a responsibility to break down the current price action for all of you asking in the comments: Should I buy Solana now? Or wait?
The answer isn’t as simple as "buy the dip" or "sell the pump." So buckle in—because what I’m about to share might save you from a huge loss or help you catch the entry of the year.
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Is Solana Still a Good Coin?
100%. Solana is a top-tier project with real-world utility, blazing speed, and an exploding ecosystem. I actively trade and hold SOL in my long-term portfolio. But remember: even the strongest projects take hits during market corrections.
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My Sentiment on Solana (Short & Mid-Term View)
Currently, SOL is trading around $151.80, up nearly 5% on the day. Sounds bullish, right? But here’s what I’m seeing on the chart:
Short-term pump is likely — pushing SOL toward $180–$185
Followed by a sharp drop, possibly all the way down to $80–$90
This move would shake out weak hands before a massive long-term reversal
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Where to Expect the Reversal
Resistance Zone: $180–$185
This area has historical rejection, and the pump looks weak, possibly a bull trap.
Support Zone: $80–$90
A major zone where buyers historically stepped in hard. If SOL drops here again, it could be the golden buy zone before the next rally.
NOTE: The current level ($150–$155) is also acting as resistance, especially with BTC showing signs of weakness.
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Invalidation Point: The Bullish Flip
Let’s be clear. I’m not stubbornly bearish—I trade what I see.
If Solana closes above $190 on the daily or weekly timeframe with strong volume, this analysis becomes invalid. That’s my signal to reassess and possibly flip bullish.
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Why This Drop Might Be Healthy
The market needs a reset.
Solana’s RSI is overheated.
Whales may be prepping for accumulation in the $80–$90 zone.
BTC dominance is rising, often leading to altcoin corrections.
Don’t get caught buying the top while big money is waiting to scoop the bottom.
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TL;DR: Solana Quick Guide
Current Price: $151.80
Short-Term Target: $180–$185 (resistance)
Crash Zone: $80–$90 (support & ideal buy zone)
Invalidation: Close above $190
My Bias: Bearish (short term), Bullish (long term)
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Final Thoughts: Trade Smart, Not Emotional
This is NOT a Solana hate post. It’s a trader’s perspective, built on real analysis. If you’re serious about growing your portfolio and not just riding hype, this is the kind of insight you need to survive and thrive in this market.
Follow me for constant updates, new entries, exit signals, and daily market breakdowns.
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Disclaimer:
This post is for educational purposes only. I am not a financial advisor. Any decision you make in the market is your responsibility. Always do your own research and never invest more than you can afford to lose.
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