CandleFocus Analyst Predicts Solana is Set for a 20% Drop to $121
2024-10-05
Author: Content Editor
Crypto analyst Alan Santana predicts that Solana (SOL) could correct by 20% and reach a two-month low of $121. Santana points to historical price behavior and notes that Solana tends to experience pumps lasting between 20 and 30 days, followed by price dumps lasting between 7 and 14 days. However, Solana closed strong after a 4.67% gain, potentially invalidating Santana's prediction. Additionally, surging on-chain activities on the Solana network are expected to push SOL to the next resistance level at $186, driven by bullish sentiments in the decentralized finance (DeFi) sector.
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