CandleFocus Solana Holders May Be In for Same Pain As Ethereum Bulls, According to Analyst Benjamin Cowen – Here’s Why
2024-12-16
Author: Content Editor
Crypto analyst Benjamin Cowen suggests that holders of Solana (SOL) may experience similar price patterns to those seen with Ethereum (ETH) in previous cycles. He highlights that SOL/BTC is following the same pattern as ETH/BTC did, with a 90% drop followed by a 500% rally, higher lows, a fake out, and one last rally. Cowen advises not to panic if Solana sees a major dip, as there is a chance it will recover like ETH/BTC did. However, he warns that after the recovery, the SOL/BTC pair may enter a lengthy downtrend.
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