Crypto analysts who correctly predicted the 2018 market bottom are now focusing on the 2018 market bottom. Solanapredict price floor Find your cryptocurrency, reach it, and then identify your next goal.
Solana will rise above $200 after hitting bottom.
In a Wednesday post on X (formerly Twitter), a cryptocurrency analyst identified as ‘Bluntz’ said: highlighted Solana’s potential price bottom. Continuing from before prediction He predicted that Solana would bottom below $160 on April 4th. push up againBluntz revealed in his new post that the next lowest price will be $162.
Crypto analysts expect Solana’s price to bottom at $162 before rising, suggesting the possibility of a bullish rebound for the cryptocurrency. Share multiple price charts that explain Solana price movement Between March and April 2024, Bluntz uses Elliot wave theory as follows: technical pattern To guide his predictions.
Elliott Wave Theory It is a unique form of technical analysis that predicts price movements by observing and identifying recurring long-term price patterns associated with ongoing changes in investor sentiment and sentiment.
In a previous post, Bluntz shared the following price chart: Solana’s Next Steps After reaching the expected price low, it will be $224. He estimated the timeline for such a significant surge, predicting that the cryptocurrency could surge to $224 before April 22nd.
Solana is now trading at $151. Chart: TradingView
Solana (SOL) price update
In recent years Solana prices The past few weeks have seen a major downward trend, with double-digit losses. As of this writing, the cryptocurrency is trading at $151.15, down 12.32% in the last 24 hours and 13.93% over the past week, according to CoinMarketCap.
This continued downward trend is Congestion issues currently facing Solana’s network. In early April, Solana suffered a network outage that caused approximately 75% of its network transactions to fail. This has caused major disruption in blockchain operations, raising concerns among people. investor and the wider cryptocurrency community.
Solana price after power outage sudden drop It fell sharply and continued its downward trend. Despite Scheduled for April 15th for network resolutionThe value of cryptocurrency did not respond positively.
It is also important to note that Solana’s current price is well below Bluntz’s previously stipulated low of $162. Possibility bullish rebound Cryptocurrencies remain uncertain as more doubts are raised about the network’s ability to handle significant transaction volumes.
Featured image from Pexels, chart from TradingView
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Source: NewsBTC.com