Solana’s recent interaction with CNBC’s Jim Cramer has stirred lively discussions across crypto communities, particularly after Cardano founder Charles Hoskinson responded humorously to the event. Following Solana co-founders Anatoly Yakovenko and Raj Gokal’s appearance on Mad Money, Hoskinson claimed that Cardano was “marked safe” from Cramer’s endorsements a nod to the “Inverse Cramer” phenomenon often cited in financial circles.
The meeting came shortly after the launch of the Bitwise Solana Staking ETF (BSOL) on the New York Stock Exchange, where the Solana team celebrated alongside Multicoin Capital’s Kyle Samani.
The “Inverse Cramer” Effect and Its Crypto Impact
The so-called “Inverse Cramer” theory suggests that assets endorsed by the CNBC host tend to move in the opposite direction of his predictions. This trend gained attention after Bitcoin lost around $130 billion in market value following Cramer’s praise in November 2024.
Although he correctly forecasted a short-term crypto rebound in late October, several of his other calls missed the mark, leading many investors to treat his endorsements as a counterindicator.
Hence, when Solana’s official account posted a photo of Cramer with the co-founders captioned “work your magic,” it immediately drew jokes from traders and analysts. Many interpreted the post as a tongue-in-cheek acknowledgment of Cramer’s track record. Consequently, Hoskinson’s remark added more humor to the discussion while reinforcing community awareness about the unpredictable nature of market sentiment.
Solana’s Price Outlook Amid Community Jokes
Despite the playful comments, Solana’s market performance remains steady. The token trades at $186.16, showing a modest 0.60% increase in the last 24 hours, though it’s down 1.77% over the week.
According to BitGuru analysts, Solana is consolidating between key support at $180 and resistance near $210. Buyers continue defending the lower zone, hinting at potential accumulation.
Source: X
Moreover, analysts believe that if support at $180 holds, the price could rebound toward $200–$210, where a resistance cluster awaits. A decisive breakout above $210 may spark renewed bullish momentum, targeting $230 in the short term. However, if the level fails to hold, $170 could serve as the next major support.
