🚀 Solana’s ‘W’ Pattern: Will $165 Become Its New Circus Tent? 🤡📈

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Solana, that ever-optimistic tightrope walker of crypto markets, has scribbled a “W” pattern on its 12-hour chart-because why not mimic a cryptic alphabet during a market meltdown?

After November’s “sell-off opera,” this bullish formation is here to remind us that hope is eternal, even when wallets are empty. A confirmed breakout might catapult SOL into a euphoric jig toward $165. Or it might collapse like a poorly timed punchline.

Solana’s HODLers: The Tragic Comedians

The HODLer Net Position Change suggests long-term holders are staging a temporary truce in their eternal war against panic. Outflows are retreating, which, in crypto terms, means the vultures are taking a coffee break. 🦘💸

Historically, when these stoic hodlers stop flinging SOL into the void, the price often stages a comeback. Will this time be different? Probably. But let’s pretend it’s a “bullish precedent” anyway. 🎩🕊️

Yearning for more cryptographic riddles? Subscribe to Editor Harsh Notariya’s Daily Crypto Enigma here.

Solana’s NUPL metric recently moonwalked into the “capitulation zone”-a place where investors wail, “I give up!” before either collapsing into a puddle of regret or buying the dip with tears. 🎭📉

In April, NUPL’s melodrama preceded a rally. Now it’s back, sobbing into a handkerchief. Will buyers swoop in like knights in shining armor? Or will the market scoff and order popcorn? 🍿

The ‘W’ Pattern: A Bullish Omen or a Mirage?

Solana’s chart is now a double-bottom “W,” which technical wizards claim signals a 14% surge to $165. At $143, SOL eyes the $146 “neckline” like a thirsty gambler eyeing the last drop of whiskey. 🍸

Clear this hurdle, and the token might pirouette to $157, then $163, before bowing at $165. Fail? Back to $136 it goes-the crypto equivalent of detention. 🚷

But beware: Markets are fickle. A sudden panic could shatter this “W” into a crumpled “WTF?” 🤯

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2025-12-04 21:53