Breaking news: Solana — the very coin that once flew faster than light (and sometimes even worked!) — is falling. Yes, straight from the Olympic heights of $295 to a modest $140, and now some analysts are whispering about $120 or even $95. But don’t panic. Panic is for hamsters.
Head, shoulders, and… Janet Yellen's shoulder?
Have you ever noticed how crypto charts look suspiciously 'textbook'? Just like in a technical analysis book from 1998, only with a label saying 'made on the blockchain'. And right now — a classic 'head and shoulders' pattern. Beautiful, like Schwarzenegger in the '80s.
The price has broken the neckline. Who would have thought — crypto that even has a head! And it tells us: “I’m heading south. Bring your shorts.”
$120 — new hope or old pain?
Analysts say: “$120 is the technical target.” Of course. They said that about Terra Luna when it was $80 too. And then it was zero. But don’t be afraid! Solana has a real foundation: fast transactions, NFTs with monkeys, and a network that, like a metaphor for democracy, works only sometimes.
Onchain: all is well. Well, almost. Well, okay.
Glassnode reports that Solana's NVT has fallen below 10. This means that the network is being used a lot, but its value is 'low'. In other words: 'let’s believe that activity = success.' But let’s not forget that the Titanic was very active when it sank.
However, there is a ray of light in this bear kingdom: millions of SOL were withdrawn from exchanges — which means someone is accumulating. And then they were brought back — which means someone changed their mind. A typical crypto wedding: 'I love you – sold – bought back.'
But who is behind the fall of SOL?
This is where it gets interesting. Perhaps this is not just a bear market. Maybe it's part of a deeper game. Think about it: while regular people panic and sell off SOL, the big players are accumulating. They are taking it out as if they know what’s coming next. Insider info? Algorithms? Or maybe… The members of the Bilderberg Club?
Here’s the point: if you bought Solana at $280 and now it’s at $140 — congratulations! You’ve gone through the initiation ritual into the crypto community. It’s like becoming a Spartan, only instead of a sword you have a wallet on Phantom, and the enemy is your emotions.
The price can fall. It can rise. It can hang, like the Solana network on a day of NFT influx.
