What to know:
- Solana, that fickle creature, took an 8.1% dive to $141.75 before majestically climbing back to $147.40—like a boxer rebounding after a punch, folks. According to those wise sages at CoinDesk, a new ascending trendline is born, or so they say.
- At precisely 01:20, a flash crash erupted—nature’s way of saying, “Surprise!”—only to be followed swiftly by buy orders so aggressive they looked like a comical stampede, hinting at a bullish comeback. Who knew chaos could be so optimistic? 💥
- The resistance zone at $150–$152 looms like a gatekeeper, while support at $142 stands firm—probably in desperate need of a latte and some patience after the trading wildness.
Price Action
For the past day, Solana (SOL) was caught in a tempest of selling, crashing from the lofty $154.48 down to a frightening $141.75 — only to bounce back like a cat startled but still somehow graceful near $147.40. The chaos was fueled by geopolitical tensions and trade worries, because if the world isn’t ending, what’s all this fuss about? 🌎💣
Including a mini-flash crash at 01:20 that sent SOL spiraling to $144.93 with a whopping 24,507 volume—yet just when you thought the floor was giving way, strong buying cheered the asset on. The market, folks, is stubborn and loves a good drama!
Technical charts now show an upward support trendline, with resistance stubbornly guarding the $150–$152 zone, like a bussy (busy) bouncer refusing entry.
Technical Analysis Highlights
- SOL dropped from $154.48 to $141.75—a descent of around $12.73 or roughly 8.24%, giving new meaning to the phrase “hold on tight.”
- Volume spikes galore—over 3 million in two time blocks—like a mosh pit at a rock concert, smashing previous support levels.
- At $142, a high-volume support zone formed—proof that even in chaos, some lines in the sand hold.
- The flash crash saw SOL dropping to $144.93 with an impressive volume, but then, like a phoenix, it recovered—probably soaking in some collective hope from traders.
- An ascending trendline has taken shape from $142, while resistance at $150–$152 keeps watch like a grumpy gatekeeper.
- Latest moves show SOL cozying around $147.40, volume declining—perhaps tired, or just wishing this rollercoaster would stop for snacks.
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2025-06-06 13:05