Closely followed crypto analyst, Left (LEFT) warned its investors that the downtrend will continue. Here is the analyst’s remarkable prediction.
The analyst, known under the pseudonym Cheds, shared his views in a new video he posted on his YouTube channel. Cheds began their analysis by emphasizing that it expects a drop for Ethereum rival Solana. According to the analyst, if SOL jumps to $ 15, opening a ‘short position’ will be his priority strategy.
He also explained that if no jump takes place, there will be a worse scenario. According to Cheds, there is a 75% chance of a correction from the current Solana price of $12.45.
“We’re basically breaking support. I think the next level of support lies around $3-4. We still have a long road ahead of us. Of course, the price will not go straight down. But for now, I recommend you stay away from investing.”
You Must Sell Your Solana and GALA Assets!
Koinfinans.com As we reported, game and player focused altcoin Premiere Commenting on (GALA), Cehds stated that there will be a serious downtrend.
“GALA may never reach a peak in its next bull run. Maybe in the next bull run, there is a possibility that it will only go up to $0.05. As a matter of fact, I have no idea where the price will bottom out. The graphics are pretty messed up. I think it’s one of those things you shouldn’t hold in your hands. The graph tends to drop towards zero.”
As a result, GALA was trading at $0.025, up 2.57% on the day.
Cheds also added that its radar is approaching its bear market target. bitcoinIt is locked to (BTC). According to Cheds, the $12,000 price area should act as a strong support, given that BTC bulls have managed to conquer this level after years of struggle.
“The scenario I’ve been talking about for six or seven months, which is really crazy that it’s happening. My thought was that we had a good support base here (around $12,000).
Multi-year from February 2018 and then here in mid-2019, and a year later, Bitcoin declined and broke above that base. That should really be supportive.”
As a result, Bitcoin was trading at $ 16,206 with an increase of 2.78% in the last 24 hours at the time of reporting.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.