Solana

Dollars

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-divided-on-solanas-price-direction/" data-wpel-link="internal">Analysts Divided on Solana’s Price Direction</a> 
Popular crypto analyst and trader Ali Martinez, referencing a signal from the Tom DeMark (TD) Sequential Indicator, warned of a possible correction for <a href="https://coin-turk.com/ethereum-eth-fiyati-ne-olur-iste-ethereumun-gelecek-yorumlari" data-wpel-link="internal">Ethereum</a>‘s (<a href="https://en.coin-turk.com/ethereums-revival-begins-amidst-rising-competition/" data-wpel-link="internal">ETH</a>) strong competitor, <a href="https://en.coin-turk.com/solana-sol-price-analysis-will-the-recovery-continue/" data-wpel-link="internal">Solana</a> (<a href="https://en.coin-turk.com/solanas-remarkable-rise-in-the-defi-sector/" data-wpel-link="internal">SOL</a>). In contrast, anonymous analyst Kaleo predicts the continuation of the rise in the <a href="https://coin-turk.com/bu-kripto-parayi-resmen-oyuncak-ettiler-milyonlarca-dolar-kazandiran-kripto-paranin-durumu-belli-oldu" data-wpel-link="internal">altcoin</a>. 
<h2 style="text-align: justify" id="strong-could-drop-to-127-dollars-strong">Could Drop to 127 Dollars</h2> 
Known for his posts on social media platform X, Ali Martinez stated that the TD Sequential Indicator signaled a sell on SOL’s daily chart, which historically tends to precede price drops for the altcoin. Martinez noted that since December 2023, every time the indicator signaled a sell, SOL’s price dropped by 17% to 28%, and the indicator currently points to a potential pullback to 152 dollars and even 127 dollars. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-328909" src="https://coin-turk.com/wp-content/uploads/2024/03/Solana-SOL-Altcoin-1.jpeg" alt="" width="2184" height="1509"> 
At the time of writing this article, SOL is trading at $186.09, up 12% in the last 24 hours. Despite SOL’s recent surge, it continues to trade 27.61% below its all-time high of $260.06 recorded in November 2021. 
If the analyst’s prediction materializes, it corresponds to a worst-case scenario of a 30% drop for the altcoin at current prices. Despite his bearish outlook, Martinez advises investors not to short assets during a bull market, but rather to buy the dips. 
<h2 style="text-align: justify" id="strong-200-dollar-forecast-strong">200 Dollar Forecast</h2> 
Not all analysts are on the bearish side like Martinez regarding Solana. Anonymous crypto analyst Kaleo recently stated that after SOL broke the rising trend line around the $150 range, it could climb to $200. 
The differing views among analysts reflect the uncertainty surrounding SOL’s short-term price trajectory and highlight the importance of comprehensive technical analysis when trading in the highly volatile crypto market. Although Martinez warns of a temporary correction based on historical indicators, the general forecast for SOL is for a continued price increase, potentially surpassing the $200 threshold in the short term. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-divided-on-solanas-price-direction/" data-wpel-link="internal">Analysts Divided on Solana’s Price Direction</a></h5>

Analysts Divided on Solana’s Price Direction

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