Cardano

Solana

Daily

Coin

<ul class="news-points"> 
 <li><strong>Analyst Benjamin Cowen predicted in a tweet today that SOL may set a new low for this bear market soon.</strong></li> 
 <li><strong>At press time, SOL was trading at $20.65 following a 24-hour loss of 1.76%.</strong></li> 
 <li><strong>A symmetrical triangle chart pattern had formed on SOL’s daily chart which suggested that a breakout was imminent.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst Benjamin Cowen predicted in a tweet this morning that the price of <a href="https://coinedition.com/tag/solana-sol/" rel="noopener noreferrer nofollow">Solana (SOL)</a> could sweep the lows in the coming few days to set a new price bottom for this bear market. Thereafter, he believes that the altcoin’s price will begin to climb, similar to the price movement seen with Cardano (ADA) in the previous cycle.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Good chance <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> sweeps the lows, just like <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> did last cycle. <a href="https://t.co/KHJEPdV6qU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KHJEPdV6qU</a></p>— Benjamin Cowen (@intocryptoverse) <a href="https://twitter.com/intocryptoverse/status/1694193634328084827?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 23, 2023</a> 
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>At press time, SOL was changing hands at $20.65 according to CoinMarketCap. This was after the altcoin suffered a 1.76% drop in price over the past 24 hours. Moreover, the negative daily performance led to a deeper decline in SOL’s weekly performance, reaching -12.05%.</p> 
<div class="wp-block-image"> 
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  <img decoding="async" width="1835" height="893" src="https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2.png" alt="" class="wp-image-330938" srcset="https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2.png 1835w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-313x152.png 313w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-768x374.png 768w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-1536x747.png 1536w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-696x339.png 696w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-255x124.png 255w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-414x201.png 414w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-377x183.png 377w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-328x160.png 328w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/08/Sol-1-2-129x63.png 129w" sizes="(max-width: 1835px) 100vw, 1835px"> 
  <figcaption class="wp-element-caption"> <em>Daily chart for SOL/USDT (Source: <a href="https://www.tradingview.com/x/cLeq1qg9/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)</em> 
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<p>A symmetrical triangle chart pattern had formed o…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/sol-could-sweep-its-lows-in-the-next-few-days-predicts-trader/">SOL Could Sweep Its Lows in the Next Few Days, Predicts Trader</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

SOL Could Sweep Its Lows in the Next Few Days, Predicts Trader

Coin Edition

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