SOL Price Forecast Takes Bearish Turn, Prepare For Potential Plummet To $30 Or Lower
Despite a 3.6% correction in SOL price over the past 24 hours, the token has recorded an increase of 43% over the past fourteen-day period....
- Solana (SOL) has experienced significant gains, with a 43% increase over the past fourteen-day period.
- However, there are concerns about a potential decline and correction in SOL price following a 346% surge over the past year.
- Crypto analyst Ali Martinez highlights the TD Sequential indicator, which shows a sell signal on the weekly chart of SOL, indicating a possible exhaustion in its uptrend.
- If the bearish formation is confirmed, SOL price could drop towards $45 or even as low as $30.
The article presents a mixed sentiment. It highlights the impressive growth and fundamental metrics of Solana but also raises concerns about a potential price correction.