Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80

Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80
Solana has gotten a bearish warning despite being one of the best performers over the last year. This prediction goes against the grain of current speculation where a rise to as high as $1,000 has been forecasted for the price. But it seems not everyone shares this sentiment as one crypto analyst has predicted that the auction’s price could suffer a massive 42% crash from here. Solana Price Turns Bearish In an analysis on the TradingView website, crypto analyst Alan Santana has warned that the Solana price is turning bearish. The analyst points to developing trends in the year 2024 compared to the year 2023 and how the current trends are more bearish. This takes in the volume of the altcoin and what has happened as a result of major spikes. Related Reading: Analyst Says Bitcoin Will Reach $68,000 By End Of September, $90,000 In December For example, the analyst points out that in the chart, 2023 looks better than 2024. For one, the 2023 chart shows a lot of large spikes in the volume which are green. This meant that the volumes we ..

Support the originator by clicking the read the rest link below.