Future

Solana

Coin

<p style="text-align: justify">According to an analyst followed by a large investor base, the star altcoin that will outshine <a href="https://en.coin-turk.com/ethereum-and-altcoins-are-at-great-risk-has-the-worst-begun/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a>, its popular rival, is about to start a major rally. The altcoin, which many institutional investors had abandoned for good, had dropped to $8. Now, Pentoshi claims that it will rise from its ashes.</p> 
<h2 style="text-align: justify" id="the-future-of-solana-sol">The Future of Solana (SOL)</h2> 
<p style="text-align: justify"><strong>Pentoshi</strong>, a pseudonymous figure who has predicted multiple major price movements in the past, is now warning investors about Solana (<a href="https://en.coin-turk.com/renowned-crypto-analyst-altcoin-sherpa-predicts-sharp-fall-in-solana-and-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>). According to him, <strong>SOL Coin</strong> is looking very promising on high time frame charts after overcoming bear market resistance.</p> 
<p style="text-align: justify">However, the analyst says that Solana could pull back to retest and convert its previous resistance into support after rising over 150% in less than two months.</p> 
<blockquote> 
 <p>“Overall, the chart looks very constructive to me on higher time frames. But I wanted to see it hold these previous highs. For now, this could be a deviation as well. If we start closing back inside, I’ll be looking at $22.30 for the next move. A rise is possible in cult-like communities for the next bull run.”</p> 
</blockquote> 
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-239681 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/Solana-SOL-Yorumlari-scaled.jpg" alt="" width="2560" height="1599"></p> 
<h2 style="text-align: justify" id="crypto-expert-opinion">Crypto Expert Opinion</h2> 
<p style="text-align: justify">Pentoshi also believes that while Solana may not mimic Ethereum’s meteoric rise during the 2021 bull market, it can still provide good returns for long-term investors.</p> 
<blockquote> 
 <p>“Will it reach all-time highs in the next bull cycle, or do I believe in the ETH fractal? I don’t know. I lean towards no. You can laugh at me for taking this screenshot. But that doesn’t mean it won’t be super good when people start coming back to the market. I just think it’s one of the easiest bets.”</p> 
</blockquote> 
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-239682 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/SOL-Coin-scaled.jpg" alt="" width="2560" height="1610"></p> 
<p style="text-align: justify">Analyzing the SOL/<a href="https://en.coin-turk.com/notorious-social-media-personality-andrew-tate-faces-asset-seizure-in-romania/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> and USDT pairs, the analyst expects closing prices above $35.59 to strengthen the upward structure.</p> 
<blockquote> 
 <p>“I don’t think it looks too bad on higher time frames. But it’s not yet a higher high + higher low.”</p> 
</blockquote> 
<p style="text-align: justify">At the time of writing, due to the ongoing negativity in the BTC front, short-term negativity seems to persist for SOL Coin as well.</p> 
<h5>The post <a href="https://en.coin-turk.com/analyst-reveals-the-next-bullish-star-altcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Reveals the Next Bullish Star Altcoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Analyst Reveals the Next Bullish Star Altcoin

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