Analyst “Bluntz Capital” suggested Solana may be gearing up to hit a new low of bitcoin $70.
The altcoin has been on a downward trajectory so far this month.
Solana currently sells for $88 apiece and is down 7.38% in the last seven days.
Cryptocurrency analyst “Bluntz Capital” has suggested that Solana’s recent price movement may be indicating a steeper fall in the digital asset’s value amidst the prevailing bearish market conditions.
$SOL also looking like all these weeks of sideways was probably some kind of B wave triangle.ill be interested again in the low $70s pic.twitter.com/0n3rI6rUaO— Bluntz (@Bluntz_Capital) January 22, 2024
The analyst noted this possibility in a tweet on the social media platform (formerly Twitter), hinting that the altcoin may be gearing up to test a new low. “$SOL” also looks like all these weeks of sideways were probably some kind of B wave triangle. I‘ll be interested again in the low $70s,” the analyst tweeted.
Should the altcoin dip to $70, it would mark the lowest level for Solana since around mid-December 2023. At the time of wriitng, Sol…
The post Analyst Predicts Solana May Hit $70 Low As Bearish Pressure Sustains appeared first on Coin Edition.