"Analysts Predict Solana's Potential 50% Decline Amid Market Uncertainty"
TL;DR Summary
A prominent crypto analyst, Bluntz, has turned bearish on Solana (SOL), predicting a potential decline of over 50% from its current price of $165 to around $80. Using Elliott Wave Theory, Bluntz suggests that SOL has completed a five-wave rally and is now likely to enter a corrective phase, indicating a macro lower high at $188.
Topics:business#bearish-trend#cryptocurrency#elliott-wave-theory#price-prediction#solana#technical-analysis
- Top Analyst Predicts Over 50% Decline for Solana, Says There’s Really High Chance SOL Printed Macro Lower High The Daily Hodl
- Solana Price Today Needs to Survive $160 Support To Ride Back To $200 Coinpedia Fintech News
- Solana: The blockchain antihero or just a cheap casino? CryptoSlate
- Solana (SOL) on Verge of Reversal? $180 Looms Ahead U.Today
- Is Solana the Next PayPal? Yahoo Finance
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