He stated that regardless of wicks, closing prices, real body and candle sticks, both shapes could lead to similar expectations in terms of price movements. In his Solana price chart, Brandt also noted a new resistance level around the $204 mark has emerged for the altcoin, suggesting a possibility for the cryptocurrency to reach that threshold. Moving forward, the implications of an $80 price decline for Solana would reflect a considerable downside risk that could be financially detrimental for investors.
As Solana continues to navigate the volatile market, investors can monitor key changes in the cryptocurrency’s trajectory to make more informed investment decisions. Solana Price Decline To Spark $208 Rally While analysts like Brandt are anticipating a price crash for Solana, another market expert identified as TraderXO’ on X has provided a more conservative price decline that would precede a major bull rally. Related Reading: Is This The End For Ethereum Or A Generational Opportunity?
The analyst revealed that the price of Solana could begin trading into the $120s again, declining from its present price of $150. However, the analyst revealed that he would be considering "longing again” around this declined level, anticipating a major bull run to $208 for the cryptocurrency.
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