A trio of traders believe smart contract platform Solana (SOL) will head to much lower prices before regaining bullish momentum.
Starting with a cryptocurrency analyst with the pseudonym Bluntz, the analyst told his 237,900 followers on social media platform
According to Plantz, SOL has Broken below The triangle pattern supported and is now on its way to a downside target price.
“The real ones remember. Maybe we get one final exit or maybe the support explodes right from here, I'm not sure.
All I know is that if we get a price as low as $70, I will put the maximum bid on SOL.”
Looking at the trader's chart, it appears that he expects SOL price to rise above $110 after bouncing from $70.
Meanwhile, chief trader Pentoshi also told his 744,100 X followers that he believes SOL will reconsider its support at $70.
Based on Pentoshi's chart, it also appears that he expects SOL to rebound after correcting to around $70.
Finally, Altcoin Sherpa told his 206,200X followers that he expects SOL to fall to the 0.50 Fibonacci retracement level.
“Sol: $70 Solana Seems like a good, fair price to get in.”
At the time of writing, SOL is valued at $84.66.
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