Solana’s Rollercoaster: Will It Bounce Back or Just Fall Flat? 🎢

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So, here we are, folks! Solana (SOL) has decided to play a little game of hopscotch with the $100 mark. It dipped below that crucial support for the first time in over a year, and now it’s back like a boomerang—only to be told it needs a 15% bounce to really get the party started. 🎉

Is Solana’s Bull Run Over? Or Just Taking a Nap? 😴

Picture this: Solana hits a 14-month low on Monday, plummeting 20% in just 24 hours. It’s like watching your favorite show get canceled—devastating! It briefly flirted with the $95 mark, a place it hasn’t seen since February 2024. After a little pep talk, it bounced back to $112, only to sulk back to the $100-$110 range. Classic Solana, right?

Last year, this altcoin was the belle of the ball, riding high on the memecoin craze and hitting an all-time high of $270 on January 19. But now? It’s down over 63% from those dizzying heights. Ouch! 💔

During the Q1 drama, Solana kept retesting the $120 support zone like a clingy ex, but analysts are saying that each retest is like a bad breakup—weakening the support. If it loses that level, we might be looking at a 50% drop to the $60 support zone. Yikes! 😱

Trader Crypto Bullet is waving a red flag, suggesting that SOL’s recent antics signal the end of its bull market. Apparently, it had a “clear 5-wave impulse” that ended with a bang—thanks, TRUMP coin! Now, we’re in for a corrective zigzag that could see it bounce to around $200 before crashing down to the $30-$40 range. Buckle up! 🎢

SOL Needs a 15% Jump—Like, Yesterday! ⏰

Analyst Ted Pillows is feeling optimistic, claiming that Solana could see a massive rally after this correction. He’s convinced that SOL bounced off its multi-year ascending support trendline, which is like the safety net of crypto. Last time it hit this trendline, it skyrocketed 1,000% to $270. If it holds, we might just see it reach those heights again. Fingers crossed! 🤞

But wait, there’s more! Analysts are stressing that recovering the $120 support zone is crucial. If it doesn’t bounce back, we might be in for another drop. Sjuul from AltCryptoGems is practically begging for a clear bounce, while Ali Martinez is flashing buy signals like a disco ball. SOL needs to stay above $95 and break $121 to set the stage for a rally toward $147. No pressure! 😅

As of now, Solana is trading at $105, which is a 1% decline in the daily timeframe. Just another day in the life of a cryptocurrency, right? 🥴

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2025-04-09 13:18