Solana’s Price is Doing Something… Very Concerning 🤔

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Okay, so Solana got all the way up to $213. $213! And then, classic move, it couldn’t hold it. Of course it couldn’t! It’s now down, what, 3.6%? Hovering around a very nervous-looking $200. A lot of hemming and hawing, if you ask me.

It’s still up for the week, blah blah blah, strength in the trend, sure. But let’s be real. It got rejected. Politely, but firmly. Like trying to return a slightly used sweater. And now there are signs that this could get… well, it could get ugly. Pretty, pretty, pretty ugly.

Everyone’s Taking Profits (Because They’re Not Idiots)

You know what this is? It’s a classic “get out while the getting’s good” scenario. People are cashing in their chips. And frankly, who can blame them? You see a spike, you take the money. You’d have to be a schmuck not to!

“Realized profit” – that’s just a fancy way of saying “people are selling before this thing tanks.” High numbers mean everyone’s running for the exits. Low numbers mean people are, I don’t know, napping? Being complacent. Big mistake.

Back in July, a little profit-taking party at $205 led to a 23% plummet. A 23% plunge! That’s not a dip, that’s falling down a sewer grate. And it’s happened again and again! It’s a pattern. A very bad, no-good pattern.

  • August 13: Profit spike. Price goes in the toilet. 👋
  • August 20: Another “I’m outta here” moment. Price dips. 🙄
  • August 24: They’re at it again near $213! It’s like watching a bad sequel!

If history, you know, *rhymes* or whatever, we could be looking at a 20% haircut. Down to $175. A real “what was I thinking?” moment for a lot of bag holders.

Want someone else to tell you what you just read? Sign up for some guy’s newsletter. I don’t know, whatever.

The Buyers Are Getting Weak. Pathetic, Really.

The buyers are losing their nerve. Their mojo is gone. The price went up but the “momentum” or whatever this RSI thing is… it’s slipping. It’s like they’re trying to push a car uphill and they’re just… getting tired. It’s sad.

This tells the whole story. Sellers are stepping up, buyers are stepping back to “reevaluate their life choices.” It’s a bearish divergence. And a bearish divergence is… well, it’s not a good divergence, I’ll tell you that much.

So What’s the Bottom Line? (Probably Lower)

Right now, it’s at $200. It already lost the $202 support, which is now apparently a “resistance.” You believe this? It’s like your friend saying they can’t do lunch because they’re suddenly too important for you.

The next “cushions” are at $196, then $192. But let’s be serious, the only level that matters is $175. If that goes… it’s gonna be a scene. A real scene.

Of course, if it magically gets back above $213, then fine, the uptrend is back. But I’m not betting on it. I’ve seen this movie. I didn’t like the ending.

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2025-08-25 18:57