Strong Bearish Signal Appears In Solana Chart, Where Is Price Headed Next?

Strong Bearish Signal Appears In Solana Chart, Where Is Price Headed Next?
Expectations of the Solana price going above $200 have been rampant with the most recent recovery. In some cases, predictions have reached as high as $1,000 for the cryptocurrency, but one crypto analyst is going in the opposite direction. In a recent analysis, Alan Santana has predicted a crash for the SOL price that could eliminate all of its gains from the past week. Solana Shows Similar Patterns To 2023 In the analysis, crypto analyst Alan Santana points out that the Solana cryptocurrency is showing similarities to a trend that was seen back in 2023. Last year, the trend was with a rise in the trading volume of the altcoin, which was the start of a bullish run. However, this time around, there is more of a bearish run in the volume, which could suggest the beginning of a bearish trend for the digital asset. Related Reading: Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy Back in July 2023, Solana saw a notable rise in the buying volume, which was the highest level at the time. As the ..

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