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Top Analyst Predicts Pullbacks for Solana and Altcoins, Updates Outlook on One Ethereum-Based Crypto Asset

dailyhodl.com

A crypto analyst who nailed the top of the 2021 Bitcoin (BTC) bull market says Solana (SOL) will likely pull back after a big rally. Pseudonymous analyst Pentoshi tells his 706,400 followers on the social media platform X that Solana could dip by more than 25% from its current value.

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Bitcoin SOL
$ 145.63

Timeline of Solana


Is Solana (SOL) About to Face Enormous Selling Pressure? - UToday

The cryptocurrency market is getting cautious as Solana (SOL) approaches a potential inflection point. Market analysts are closely monitoring the $31.2 million worth of SOL, which poses a significant risk of increased sell pressure.


FTX transfers $316 million in crypto, with Solana leading the outflows - CryptoSlate

FTX recently transferred approximately $316 million in digital assets to various crypto exchanges, according to on-chain data. Over the past several weeks, the beleaguered crypto exchange has been rapidly divesting portions of its crypto holdings, including assets like Solana (SOL) and Ethereum (ETH), as part of its bankruptcy proceedings.


Coinbase Driving Solana Bull Run: Will SOL 2X To $80? - NewsBTC

Solana (SOL) is one of the top performers, looking at price action in the weekly chart. According to Kaiko, SOL's net buying, measured via cumulative volume delta (CVD), has been led by Coinbase, one of the most active cryptocurrency exchanges in the past few trading weeks.


EXCLUSIVE: Crypto Payments Here To Stay, Solana Exec Says: 'US Risks Losing Talent' - Benzinga

The future of crypto payments is not just a possibility but a current reality actively reshaping financial transactions worldwide, according to Austin Federa, Head of Strategy at Solana (CRYPTO: SOL) Foundation. Federa's insights, shared ahead of Benzinga's Future of Digital Assets conference slated for Nov. 14, reveal a significant shift in the economic landscape, driven by the efficiency and cost-effectiveness of blockchain technology.


XRP and Solana Continue to Rally Defying Crypto Market Consolidation - Coingape

While the broader altcoin space has come under some sort of consolidation recently, XRP and Solana have continued to head northwards in a show of strength. XRP Price on the Upmove The XRP price has shot up by 3% in the last 24 thereby moving closer to $0.60 while taking its market cap to $31.7


Solana Soars After FTX Crash; Bulls Recover: Analysts Remain Cautious - Crypto Headlines

This recovery comes after a significant drop following the FTX incident, where the coin fell to as low as $8 in the fourth quarter of 2023. However, it has been steadily bouncing back over the past 11 months.


Solana's SOL Price Gains Momentum; Indicating a Surge to $38 - Crypto Headlines

SOL's price initiated a significant rally, surpassing the $32 resistance against the US Dollar. Currently, it's trading above $35 and is also positioned above the 100 simple moving average over a 4-hour timeframe.


Solana Price Prediction As Buyers Challenge 300-Days Resistance; Will Recovery Continue? - Coingape

Solana Price Prediction: As optimism gradually returns to the cryptocurrency arena, the SOL coin has embarked on a robust recovery, recently hitting a 10-month high of $35. While the ongoing bullish momentum appears sustainable, a long-standing resistance trendline, situated around the $35 mark within a channel pattern, suggests that this altcoin could face considerable selling


Biggest Movers: SOL Hits Near 1-Year High, Gaining 9% on Monday - Bitcoin

Solana surged to near a one-year high to start the week, as bulls pushed the cryptocurrency above the $35.00 level. Today's surge comes as the global crypto market cap rallied, following a recent bout of consolidation. Avalanche also edged higher, surging by 5% today.


Solana, Optimism and two other altcoins to watch this week - Invezz

Cryptocurrencies recorded a significant upside last week, with Bitcoin leading the upsurge as it spiked to $35,000. While the lull that followed has BTC poised above $34.4k, a popular crypto investor is earmarking four altcoins for potential moves this week.

Bitcoin Bitcoin
62793.4000 1.63%
Ethereum Ethereum
2925.19000 0.49%
BNB BNB
570.411000 -2.76%
Solana Solana
145.620000 -0.53%
XRP XRP
0.50309700 -0.49%