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Home»ALTCOIN NEWS»The analyst issues a Solana warning and predicts a deep correction for SOL in the coming months. Here are his cons goals
ALTCOIN NEWS

The analyst issues a Solana warning and predicts a deep correction for SOL in the coming months. Here are his cons goals

By Crypto FlexsJanuary 10, 20242 Mins Read
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The analyst issues a Solana warning and predicts a deep correction for SOL in the coming months.  Here are his cons goals
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A widely respected cryptocurrency strategist is updating his outlook for Ethereum (ETH) rival Solana (SOL).

Pseudonym: Cryptocurrency strategist Pentoshi says 738,500 followers on social media platform

“I’m not sure we’re as low as we are here, but I expect we’ll be able to bid $70 at some point. “We look forward to holding ecosystem coins in the next year or so as well as SOL transactions.”

Source: Pentosh/X

Looking at his charts, the trader suggested that Solana could fall to around $70 in late March and then rebound to $90.

At the time of writing, Solana is trading at $99.64, up 13.27% in the last 24 hours.

Two other prominent cryptocurrency traders are also predicting a market correction for Solana.

Pseudonymous analyst Altcoin Sherpa says According to 204,900 followers on social media platform

“SOL: The plan is still there. The 0.382 and 0.50 Fib levels are areas of interest. I think both of these will be great long-term items. I sold some of my SOLs higher.”

video
Source: Altcoin Sherpa/X

Meanwhile, anonymous cryptocurrency strategist Rekt Capital said: says The 385,700 followers on social media platform

“Weak response in low range. This reaction was immediately canceled. Now SOL is threatening to lower its support range. A weekly close below the low range can begin the breakdown process into the green area below.”

video
Source: Rekt Capital/X

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