Solana

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/can-solana-withstand-market-pressures" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can Solana Withstand Market Pressures?</a><br></p>
<p style="text-align: justify">Peter Brandt, a veteran trader renowned in the cryptocurrency arena, has issued a cautionary note about <a href="https://en.bitcoinhaber.net/solanas-market-value-plummets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (<a href="https://en.bitcoinhaber.net/crypto-analyst-recommends-altcoins-for-long-term-gains" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>), a significant player in the digital currency market. Brandt highlights potential risks that could lead Solana to experience a dramatic downturn. The critical support level is identified as being near the lower boundary of its trading range, and should this support falter, Solana might witness a plummet exceeding 43% from its existing price point.</p>
<h2 id="what-does-brandt-foresee">What Does Brandt Foresee?</h2>
<p style="text-align: justify">Brandt, who commands a large following on social media platform X, elaborated on his observations, suggesting that if Solana’s support level of roughly $129 collapses, a significant chart pattern could ensue. This would potentially see prices dipping towards $80, urging investors to remain vigilant to Solana’s vital support markers.</p>
<h2 id="can-solana-defy-the-odds">Can Solana Defy the Odds?</h2>
<p style="text-align: justify">While Brandt’s outlook is cautious, another crypto expert, Inmortal, offers a more hopeful perspective. According to Inmortal’s analysis, Solana is on the brink of a significant upward move. He proposes that Solana might break through its current descending resistance, potentially rising to around $350 by mid-2025.</p>
<p style="text-align: justify">Inmortal emphasizes that Solana must first clear obstacles at $188 and $210 before realizing substantial gains. Brandt also speculates about <a href="https://en.bitcoinhaber.net/bitcoins-volatile-price-movement-what-does-it-mean-for-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, indicating a potential resurgence to new peaks. This prospect, he notes, is fueled by a potential cup-and-handle formation forming since 2020, typically signaling consolidation before surging past a major resistance.</p>
<p style="text-align: justify">– Solana faces a crucial support level at $129, with potential to fall to $80.<br> – Inmortal forecasts potential breakthroughs for Solana, targeting $350 by 2025.<br> – Bitcoin may reach new highs, driven by a possible cup-and-handle pattern.</p>
<p style="text-align: justify">As the cryptocurrency market remains volatile, these predictions for Solana and Bitcoin underscore the importance for investors to keep a close watch on market trends and adjust their strategies accordingly to mitigate potential risks and capitalize on opportunities.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/can-solana-withstand-market-pressures" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can Solana Withstand Market Pressures?</a></h5>

Can Solana Withstand Market Pressures?

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