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Solana (SOL) Faces Bearish Pressure as Price Correction Looms 3w ago by

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Solana’s recent price surge to $68 sparks excitement, but potential bearish signals raise concerns.

The analyst sees an Elliott Wave pattern, suggesting a Solana correction to $49. 

Large wallet holders unstaking millions of SOL tokens could intensify selling pressure.

Solana (SOL) has recently witnessed an impressive price surge, hitting a high of $68, a peak unseen since May 2022. This rally, representing a substantial 30% increase in value over the past week, has captivated the crypto community. However,  an analyst has shadowed this bullish rally, signaling potential bearish trends.

warning signs starting to flash on sol LTF’s.

shared this macro $SOL video update in the private group but i have been a big sol bull on here so only seems fair to share here aswell.

if you find value in these, consider using my bybit ref link below…

— Bluntz (@Bluntz_Capital) November 16, 2023

Whale Movements and Exchange Inflows: A Prelude to Price Correction?

According to the astute observations of @Bluntz_Capital, a crypto analyst, Solana’s current price trajectory might be steering toward a downturn. The analyst…

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