2024

Solana

when

Coin

<ul class="news-points wp-block-list"> 
 <li><strong>Top analyst Bluntz Capital predicts a 50% Solana price drop to $85.&nbsp;</strong></li> 
 <li><strong>Solana’s recent rally could be a bearish signal, despite 30-day gains.&nbsp;</strong></li> 
 <li><strong>Community divided on the prediction, citing Bitcoin’s strength and meme coin potential.</strong></li> 
</ul> 
<p>Solana (SOL) has been enjoying a multi-month upward trend, but recent technical analysis suggests this rally might be forming a complacency shoulder within a macro B wave, potentially signaling a bearish downturn.</p> 
<p>In the latest update, crypto analyst Bluntz Capital voiced concerns that Solana’s broader market outlook may not be as rosy as it seems, especially without a confirmed five-wave decline on lower timeframes.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">ooft, first look at <a href="https://twitter.com/search?q=%24sol&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$sol</a> in a while and i think that whole multi month grind up looks like a complacency shoulder macro B wave on usd pair and btc pair.<br><br>still no 5 wave decline on the lower timeframes "yet" but its not awe inspiring for the broader market when a former bull… <a href="https://t.co/GQNxI1UX8G" target="_blank" rel="nofollow">pic.twitter.com/GQNxI1UX8G</a></p>— Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1818826601154724068?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The analysis points to possible price declines toward key support levels like the $85 region, signaling caution for traders and investors. Bluntz noted that while the cu…</p>
<p>The post <a href="https://coinedition.com/top-analyst-says-solana-to-tank-by-50-to-85-community-reacts/">Top Analyst Says Solana to Tank by 50% to $85, Community Reacts</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Top Analyst Says Solana to Tank by 50% to $85, Community Reacts

Coin Edition

Other articles published on Aug 1, 2024

What's Going On With Bitcoin Mining Stocks Marathon Digital And CleanSpark Thursday?

Bitcoin Faces $70,000 Resistance

Ripple CEO Brad Garlinghouse Criticizes SEC for Hypocrisy and Lack of Transparency

Bitcoin Mining Difficulty Jumps Drastically

South Korea Crypto Tax: New ‘Quasi-Tax’ Imposed on Exchanges

Telegram launches in-app browser supporting decentralized websites

Join our free newsletter for daily crypto updates!