Trio of Crypto Analysts Flip Bearish on Solana, Unanimously Agree on Downside Price Target for SOL
A trio of merchants imagine that the good contract platform Solana (SOL) will head to a lot decrease costs earlier than regaining bullish momentum.
Beginning with pseudonymous crypto analyst Bluntz, the analyst tells his 237,900 followers on the social media platform X that SOL seems to be mirroring Bitcoin’s (BTC) late 2018 value motion when it collapsed earlier than witnessing a parabolic surge.
In keeping with Bluntz, SOL has broken below the help of a triangle sample and is now en path to his draw back value goal.
“Actual ones bear in mind. Perhaps we get one closing exit pop or perhaps it blows straight via help from right here, I’m unsure.
All I do know is that if we get low $70s, I’ll be max bidding SOL.”
Trying on the dealer’s chart, he appears to foretell that SOL will rally above $110 after bouncing from $70.
In the meantime, prime dealer Pentoshi additionally tells his 744,100 X followers that he thinks SOL will revisit its help at $70.
Based mostly on Pentoshi’s chart, he additionally appears to foretell that SOL will bounce after correcting to round $70.
Lastly, Altcoin Sherpa tells his 206,200 X followers that he expects SOL to drop to the 0.50 Fibonacci retracement stage.
“SOL: $70 Solana seems like a fair good price to get in.”
At time of writing, SOL is price $84.66.
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