Solana’s Price Plunge: Is It Time to Panic or Just Laugh? 😂

Well, folks, it’s that time again! All the top coins are in the red zone today, according to CoinStats. I guess they didn’t get the memo that red is not the new black! 💔

SOL/USD

Solana (SOL) is having a rough day, falling by 4.42%. Ouch! That’s like tripping on your own shoelaces while trying to impress someone. 😬

On the hourly chart, SOL is approaching the support of $147.47. If things don’t change, traders might want to brace themselves for a test of the $146 mark. It’s like a bad reality show—will it survive the next episode? 📉

Looking at the longer time frame, there are no reversal signals so far. It’s like waiting for a text back from your crush—just crickets. 🦗

However, most of the ATR has been passed, which means traders are unlikely to witness any sharp moves by tomorrow. So, if you were hoping for a dramatic twist, you might want to grab some popcorn and settle in for a snooze instead. 🍿😴

From a midterm perspective, it’s too early to make any long-term predictions. Right now, the price of SOL is hanging out within the previous weekly candle, which means neither side has gathered enough energy yet. It’s like a dance-off where no one wants to make the first move! 💃🕺

SOL is trading at $150.57 at press time. So, keep your fingers crossed and your wallets ready! 💸

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2025-06-17 17:55