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.
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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