A widely followed crypto analyst, Ethereum rival solana expressed his opinion about it.
A crypto strategist with the pseudonym Pentoshi noted to his followers on X that SOL could drop more than 40% from its current value in months.
Looking at its chart, the trader predicts that Solana could drop to around $70 by the end of March and then rise towards $90.
altcoinis trading at $99.64 at the time of writing, up 13.27% in the last 24 hours.
Two other popular crypto traders also predict a market correction for Solana.
A crypto analyst with the pseudonym Altcoin Sherpa told his followers on social
The plan is still ongoing, 0.382 and 0.50 Fib levels are areas of interest. I think both of these will be great entries in the long run. I sold some of my SOL higher.
Meanwhile, crypto analyst with the pseudonym Rekt Capital tells his 385,700 followers on social media platform
“Weak response from low range. This response was immediately rescinded. Now SOL threatens to lose its support level. A weekly close below the lower range could initiate a breakout into the green area below.”
