A trio of traders believe that smart contract platform Solana (SOL) will head to much lower prices before regaining bullish momentum.
Starting with pseudonymous crypto analyst Bluntz, the analyst tells his 237,900 followers on social media platform
According to Bluntz, SOL has done that broken below the support of a triangle pattern and is now heading towards its downside price target.
‘Real people remember that. Maybe we’ll get one last exit pop or maybe it’ll blow straight through the support from here, I’m not sure.
All I know is that if we get a low $70, I can offer up to SOL.
Looking at the trader’s chart, he seems to predict that the SOL will rise above $110, after a recovery from $70.
Meanwhile, top trader Pentoshi also tells his 744,100 followers that he thinks SOL will revisit its support at $70.
Based on Pentoshi’s chart, he also seems to predict that SOL will rise after correcting to around $70.
Finally, Altcoin Sherpa tells his 206,200 X followers that he expects SOL to fall to the Fibonacci retracement level of 0.50.
“SOL: $70 Solana Seems like a good price to get in.”
At the time of writing, SOL is worth $84.66.
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Generated image: Midjourney
