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Home»ALTCOIN NEWS»A trio of cryptocurrency analysts turn bearish on Solana and unanimously agree on a downward price target for SOL.
ALTCOIN NEWS

A trio of cryptocurrency analysts turn bearish on Solana and unanimously agree on a downward price target for SOL.

By Crypto FlexsJanuary 25, 20242 Mins Read
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A trio of cryptocurrency analysts turn bearish on Solana and unanimously agree on a downward price target for SOL.
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Three traders believe smart contract platform Solana (SOL) will head much lower before regaining bullish momentum.

Starting with anonymous cryptocurrency analyst Bluntz, the analyst told his 237,900 followers on social media platform

According to Bluntz, SOL is broken from below It has found support in a triangle pattern and is currently on its way to reaching his downside price target.

“Real people remember. Maybe we’ll get a final exit pop or maybe we’ll just fly straight through support here. I’m not sure.

All I know is that if we get a price under $70, the maximum bid will be SOL.”

source: Blunts/X

Looking at the trader’s chart, he seems to be predicting that SOL will bounce from $70 and then bounce back above $110.

Meanwhile, top trader Pentoshi told his 744,100 X followers that he thinks SOL will find support at $70 again.

video
source: Pentoshi/X

Based on Pentoshi’s chart, he appears to be predicting that SOL will correct to around $70 and then rebound.

Finally, Altcoin Sherpa told his 206,200 X followers that he expects SOL to fall to the 0.50 Fibonacci retracement level.

“brush: $70 Solana I think it’s a pretty good price to get in.”

video
source: Altcoin Sherpa/X

As of this writing, SOL is worth $84.66.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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