{"id":642163,"date":"2024-09-16T07:30:07","date_gmt":"2024-09-16T07:30:07","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=642163"},"modified":"2024-09-16T05:20:52","modified_gmt":"2024-09-16T05:20:52","slug":"warning-solana-crash-42-to-80","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/solana\/warning-solana-crash-42-to-80\/","title":{"rendered":"Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80"},"content":{"rendered":"<p class=\"p2\">Solana has gotten a bearish warning despite being one of the best performers over the last year. This prediction goes against the <a href=\"https:\/\/bitcoinist.com\/crypto-investors-predict-300-as-solana-price-top\/\" rel=\"nofollow\">grain of current speculation<\/a> where a rise to as high as $1,000 has been forecasted for the price. But it seems not everyone shares this sentiment as one crypto analyst has predicted that the auction\u2019s price could suffer a massive 42% crash from here.<\/p>\n<h2 class=\"p2\">Solana Price Turns Bearish<\/h2>\n<p class=\"p2\">In an <a href=\"https:\/\/www.tradingview.com\/chart\/SOLUSDT\/JdO0LK6l-Solana-Are-You-Still-Bullish\/\" rel=\"nofollow\">analysis<\/a> on the TradingView website, crypto analyst Alan Santana has warned that the Solana price is turning bearish. The analyst points to developing trends in the year 2024 compared to the year 2023 and how the current trends are more bearish. This takes in the volume of <a href=\"https:\/\/www.ktsl888.com\/news\/solana-liquid-staking-could-touch-18-billion-will-it-benefit-these-altcoins\/\">the altcoin<\/a> and what has happened as a result of major spikes.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/analyst-says-bitcoin-will-reach-68000-by-end-of-september-90000-in-december\/\">Analyst Says Bitcoin Will Reach $68,000 By End Of September, $90,000 In December<\/a><\/div>\n<p class=\"p2\">For example, the analyst points out that in the chart, 2023 looks better than 2024. For one, the 2023 chart shows a lot of large spikes in the volume which are green. This meant that the volumes were rising, and as a result, there was also a <a href=\"https:\/\/bitcoinist.com\/solana-price-prediction-could-solana-regain-bullish-momentum-and-push-to-200\/\" rel=\"nofollow\">notable spike in the Solana price<\/a>.<\/p>\n<p class=\"p2\">In line with this, there has also been notable spikes in the Solana volume in 2024, but that is as far as the similarities to. This time around, the spikes in the volume are red and the <a href=\"https:\/\/www.ktsl888.com\/analysis\/solana-price-sol-strength-138\/\">Solana price has crashed<\/a> following this. This suggests that the current trend is more bearish and the price could fall further from here.<\/p>\n<p class=\"p2\">The target from here is a crash to as low as $80. Now, if this does play out, then <a href=\"https:\/\/www.ktsl888.com\/all\/solana-sol-faces-serious-risk-after-failing-to-close-above-key-level-details\/\">the Solana price<\/a> would be seeing an over 40% crash. If the crash continues further, retracing the gains from the year 2023, a move down to $60 could be expected. At such prices, it would mean an over 50% decline.<\/p>\n<h2 class=\"p2\">This Is Not The Time To Be Bullish<\/h2>\n<p class=\"p2\">The crypto analyst warned investors that being <a href=\"https:\/\/bitcoinist.com\/solana-price-could-skyrocket-bullish-chart-pattern\/\" rel=\"nofollow\">bullish on the Solana price<\/a> right now could be a mistake. Santana further points out that the price of Solana barely moved even with the Bitcoin recovery. This lackluster performance could suggest that the bullish wave is over.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/super-guppy-indicator-says-xrp-is-ready-for-a-surge-to-99\/\">\u2018Super Guppy\u2019 Indicator Shows XRP Is Ready For A Surge To $99<\/a><\/div>\n<p class=\"p2\">\u201cBitcoin moved up today and spook some people; the effect on Solana and the other Altcoins is minimum, you can see basically no growth,\u201d the crypto analyst pointed out. \u201cThis is the proof that I mentioned on how to spot the end of the correction.\u201d<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/GDzPbgET\/\" alt=\"Solana price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">SOL bears push for $130 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana has gotten a bearish warning despite being one of the best performers over the last year. This prediction goes against the grain of current speculation where a rise to as high as $1,000 has been forecasted for the price. But it seems not everyone shares this sentiment as one crypto analyst has predicted that the auction\u2019s price could suffer a massive 42% crash from here. Solana Price Turns Bearish In an analysis on the TradingView website, crypto analyst Alan Santana has warned that the Solana price is turning bearish. The analyst points to developing trends in the year 2024 compared to the year 2023 and how the current trends are more bearish. This takes in the volume of the altcoin and what has happened as a result of major spikes. Related Reading: Analyst Says Bitcoin Will Reach $68,000 By End Of September, $90,000 In December For example, the analyst points out that in the chart, 2023 looks better than 2024. For one, the 2023 chart shows a lot of large spikes in the volume which are green. This meant that the volumes were rising, and as a result, there was also a notable spike in the Solana price. In line with this, there has also been notable spikes in the Solana volume in 2024, but that is as far as the similarities to. This time around, the spikes in the volume are red and the Solana price has crashed following this. This suggests that the current trend is more bearish and the price could fall further from here. The target from here is a crash to as low as $80. Now, if this does play out, then the Solana price would be seeing an over 40% crash. If the crash continues further, retracing the gains from the year 2023, a move down to $60 could be expected. At such prices, it would mean an over 50% decline. This Is Not The Time To Be Bullish The crypto analyst warned investors that being bullish on the Solana price right now could be a mistake. Santana further points out that the price of Solana barely moved even with the Bitcoin recovery. This lackluster performance could suggest that the bullish wave is over. Related Reading: \u2018Super Guppy\u2019 Indicator Shows XRP Is Ready For A Surge To $99 \u201cBitcoin moved up today and spook some people; the effect on Solana and the other Altcoins is minimum, you can see basically no growth,\u201d the crypto analyst pointed out. \u201cThis is the proof that I mentioned on how to spot the end of the correction.\u201d Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642175,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[167,6664,26263,14690,12837,89406,86420,83626,89405,85361,86410,83627],"class_list":["post-642163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n<title>Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80<\/title>\n<meta name=\"description\" content=\"Solana has gotten a bearish warning despite being one of the best performers over the last year, with a crash looming.\" \/>\n<meta name=\"robots\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. 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