SOL’s Price Drama: Rise or Fall? 🚀

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The market, that fickle nobleman, has swiftly donned a crimson cloak, much to the dismay of hopeful investors, as reported by the esteemed CoinMarketCap. 🐍

SOL/USD

Behold, Solana (SOL), the lone rebel in this sea of despair, dares to rise by 1.87%-a feat as rare as a snowball’s chance in hell! 🦄

On the hourly chart, the rate of SOL hovers near the local support at $139.05, a fragile bridge over the abyss of despair. Should it falter, traders may find themselves plunged into the $138 chasm by tomorrow. 🌉

On the longer time frame, the situation is as bleak as a Siberian winter. If the daily candle closes with a long wick, traders may witness a test of the $130-$135 range by week’s end-a fate as inevitable as the coming of spring. ❄️

From the midterm point of view, it is too early to make such long-term predictions. One should focus on the candle’s closure in terms of the nearest level at $144.80. 🧙‍♂️

If the bar closes above it, the accumulated energy might be enough for a test of the $150-$160 range until the end of the month-a dream as fleeting as a mirage in the desert. 🌵

SOL is trading at $139.98 at press time, a price as enigmatic as the author of this text. 🧩

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2026-01-12 18:49