{"id":611366,"date":"2024-06-04T12:15:24","date_gmt":"2024-06-04T12:15:24","guid":{"rendered":"https:\/\/uniquehot.com\/?p=611366"},"modified":"2024-06-11T07:21:18","modified_gmt":"2024-06-11T07:21:18","slug":"crypto-analyst-solana-price-crash-elliot-waves","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/","title":{"rendered":"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves"},"content":{"rendered":"

In a technical analysis, renowned crypto analyst Gert van Lagen presented an extremely bearish outlook for Solana (SOL), suggesting that its price is poised for a substantial downside move. Van Lagen’s analysis is underpinned by the widely acclaimed Elliott Wave Theory, a methodology that seeks to identify recurring patterns and cycles in market price movements.<\/p>\n

Why The Solana Price Could Crash<\/h2>\n

At the core of Van Lagen’s analysis<\/a> lies a dissection of Solana’s price action over the past few years. According to his assessment, the year 2021 marked the culmination of a clean Elliott Wave trend for Solana, signaling the end of a bullish cycle<\/a>. This uptrend is characterized by a specific pattern of five waves, with the final wave acting as the climactic move before a reversal.<\/p>\n

\"Solana
Solana price analysis using Elliott Wave Theory | Source: X @GertvanLagen<\/figcaption><\/figure>\n

Moving into 2022, Van Lagen’s analysis identifies the unfolding of the A-wave down, which he classifies as the first leg of a prolonged bear market. Crucially, this A-wave down exhibits a distinct pattern of five subwaves, aligning with the principles of the Elliott Wave Theory. The presence of these subwaves is a key indicator that the downtrend is likely to persist, as they are believed to reflect the underlying market sentiment<\/a> and psychology.<\/p>\n

Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kitty\u2019s Return<\/a><\/div>\n

In 2023, Van Lagen observed the formation of the B-wave, a corrective rally within the broader bear market context. Just like the A-wave, this B-wave is composed of five subwaves, adhering to the Elliott Wave Pattern for corrective movements. The identification of this B-wave is crucial, as it suggests that the overall downtrend<\/a> has not yet been fully exhausted and that further downside momentum may be forthcoming.<\/p>\n

As the analysis shifts to 2024, Van Lagen’s expectation is for the C-wave to materialize. In the Elliott Wave Framework, the C-wave is the final leg of the broader bear market cycle, and its occurrence would potentially mark the completion of the ongoing downtrend for Solana.<\/p>\n

Notably, Van Lagen’s analysis also highlights the presence of bearish divergence on the weekly Relative Strength Index (RSI), a widely used momentum oscillator. Bearish divergence occurs when the price makes higher highs while the RSI fails to confirm these highs, potentially signaling a forthcoming trend reversal or a loss of bullish momentum.<\/p>\n

Related Reading: Solana Remains Institutional Investors\u2019 Favorite, YTD Flows Ramp Up To $29 Milion<\/a><\/div>\n

Van Lagen posted via X: \u201cI’m short on SOL –> ready for the next leg down. 2021: Finalized a clean Elliottwave up; 2022: A-wave down of prolonged bear market <- 5 subwaves; 2023: B-wave of prolonged bear market <- 3 subwaves; 2024: Expectation is C-wave down. Bearish divergence on the weekly RSI.\u201d<\/p>\n

Notably, the analyst refrains from specifying an exact price target. However, the blue arrow on the chart suggests that van Lagen anticipates the SOL price could plummet to approximately $13. Such a decline would represent a dramatic price crash of more than 90% from the current price level.<\/p>\n

A 50% Chance That This Will Happen<\/h2>\n

In his commentary, Van Lagen acknowledged the risks associated with his short position on Solana, characterizing it as a “50\/50 trade” and “ballsy.” However, he defended his decision by stating that it is backed by a “good theoretical framework” and serves as a hedge against his long positions in other assets. The analyst emphasized the importance of analyzing the isolated chart without emotion, underscoring the need for objectivity in technical analysis.<\/p>\n

\u201cShort on SOL is a 50\/50 trade, ballsy, but also a hedge against my long positions<\/a>. There’s good reason to do so when looking at the isolated chart without emotion. It’s a risky trade and I’m aware of it. But also backed by a good theoretical framework,\u201d he stated<\/a>.<\/p>\n

While Van Lagen’s analysis presents a bearish outlook for Solana based on the Elliott Wave Theory, it is crucial to recognize that the broader crypto market often moves in tandem with Bitcoin. This correlation raises questions among other market participants. One user encapsulated this sentiment by commenting, \u201cThis is really strange. You think BTC will move up in the coming weeks but SOL will move down? We are still in a market structure where big coins don’t move down that much while Bitcoin is moving up.\u201d<\/p>\n

At press time, SOL traded at $165.<\/p>\n

\"Solana
SOL price needs a weekly close above the 0.618 Fib, 1-week chart | Source: SOLUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with DALL\u00b7E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a technical analysis, renowned crypto analyst Gert van Lagen presented an extremely bearish outlook for Solana (SOL), suggesting that its price is poised for a substantial downside move. Van Lagen’s analysis is underpinned by the widely acclaimed Elliott Wave Theory, a methodology that seeks to identify recurring patterns and cycles in market price movements. Why The Solana Price Could Crash At the core of Van Lagen’s analysis lies a dissection of Solana’s price action over the past few years. According to his assessment, the year 2021 marked the culmination of a clean Elliott Wave trend for Solana, signaling the end of a bullish cycle. This uptrend is characterized by a specific pattern of five waves, with the final wave acting as the climactic move before a reversal. Moving into 2022, Van Lagen’s analysis identifies the unfolding of the A-wave down, which he classifies as the first leg of a prolonged bear market. Crucially, this A-wave down exhibits a distinct pattern of five subwaves, aligning with the principles of the Elliott Wave Theory. The presence of these subwaves is a key indicator that the downtrend is likely to persist, as they are believed to reflect the underlying market sentiment and psychology. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kitty\u2019s Return In 2023, Van Lagen observed the formation of the B-wave, a corrective rally within the broader bear market context. Just like the A-wave, this B-wave is composed of five subwaves, adhering to the Elliott Wave Pattern for corrective movements. The identification of this B-wave is crucial, as it suggests that the overall downtrend has not yet been fully exhausted and that further downside momentum may be forthcoming. As the analysis shifts to 2024, Van Lagen’s expectation is for the C-wave to materialize. In the Elliott Wave Framework, the C-wave is the final leg of the broader bear market cycle, and its occurrence would potentially mark the completion of the ongoing downtrend for Solana. Notably, Van Lagen’s analysis also highlights the presence of bearish divergence on the weekly Relative Strength Index (RSI), a widely used momentum oscillator. Bearish divergence occurs when the price makes higher highs while the RSI fails to confirm these highs, potentially signaling a forthcoming trend reversal or a loss of bullish momentum. Related Reading: Solana Remains Institutional Investors\u2019 Favorite, YTD Flows Ramp Up To $29 Milion Van Lagen posted via X: \u201cI’m short on SOL –> ready for the next leg down. 2021: Finalized a clean Elliottwave up; 2022: A-wave down of prolonged bear market <- 5 subwaves; 2023: B-wave of prolonged bear market <- 3 subwaves; 2024: Expectation is C-wave down. Bearish divergence on the weekly RSI.\u201d Notably, the analyst refrains from specifying an exact price target. However, the blue arrow on the chart suggests that van Lagen anticipates the SOL price could plummet to approximately $13. Such a decline would represent a dramatic price crash of more than 90% from the current price level. A 50% Chance That This Will Happen In his commentary, Van Lagen acknowledged the risks associated with his short position on Solana, characterizing it as a “50\/50 trade” and “ballsy.” However, he defended his decision by stating that it is backed by a “good theoretical framework” and serves as a hedge against his long positions in other assets. The analyst emphasized the importance of analyzing the isolated chart without emotion, underscoring the need for objectivity in technical analysis. \u201cShort on SOL is a 50\/50 trade, ballsy, but also a hedge against my long positions. There’s good reason to do so when looking at the isolated chart without emotion. It’s a risky trade and I’m aware of it. But also backed by a good theoretical framework,\u201d he stated. While Van Lagen’s analysis presents a bearish outlook for Solana based on the Elliott Wave Theory, it is crucial to recognize that the broader crypto market often moves in tandem with Bitcoin. This correlation raises questions among other market participants. One user encapsulated this sentiment by commenting, \u201cThis is really strange. You think BTC will move up in the coming weeks but SOL will move down? We are still in a market structure where big coins don’t move down that much while Bitcoin is moving up.\u201d At press time, SOL traded at $165. Featured image created with DALL\u00b7E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":611376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12837,86420,83626,89405,85361,90228,89753],"class_list":["post-611366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sol","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solana-price-analysis","tag-solana-price-prediction"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Solana Price Crash Using Elliott Waves<\/title>\n<meta name=\"description\" content=\"Analyst Gert van Lagen presents an extremely bearish outlook for Solana, suggesting that its price is poised for a substantial crash.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Predicts Solana Price Crash Using Elliott Waves\" \/>\n<meta property=\"og:description\" content=\"Analyst Gert van Lagen presents an extremely bearish outlook for Solana, suggesting that its price is poised for a substantial crash.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-04T12:15:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:21:18+00:00\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves\",\"datePublished\":\"2024-06-04T12:15:24+00:00\",\"dateModified\":\"2024-06-11T07:21:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\"},\"wordCount\":771,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024\",\"keywords\":[\"Sol\",\"SOL Price\",\"Solana\",\"Solana news\",\"Solana Price\",\"Solana price analysis\",\"Solana Price prediction\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\",\"url\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\",\"name\":\"Crypto Analyst Predicts Solana Price Crash Using Elliott Waves\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024\",\"datePublished\":\"2024-06-04T12:15:24+00:00\",\"dateModified\":\"2024-06-11T07:21:18+00:00\",\"description\":\"Analyst Gert van Lagen presents an extremely bearish outlook for Solana, suggesting that its price is poised for a substantial crash.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Solana price crash prediction\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/uniquehot.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Analyst Predicts Solana Price Crash Using Elliott Waves","description":"Analyst Gert van Lagen presents an extremely bearish outlook for Solana, suggesting that its price is poised for a substantial crash.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Analyst Predicts Solana Price Crash Using Elliott Waves","og_description":"Analyst Gert van Lagen presents an extremely bearish outlook for Solana, suggesting that its price is poised for a substantial crash.","og_url":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-06-04T12:15:24+00:00","article_modified_time":"2024-06-11T07:21:18+00:00","author":"Jake Simmons","twitter_card":"summary_large_image","twitter_image":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves","datePublished":"2024-06-04T12:15:24+00:00","dateModified":"2024-06-11T07:21:18+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/"},"wordCount":771,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024","keywords":["Sol","SOL Price","Solana","Solana news","Solana Price","Solana price analysis","Solana Price prediction"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/","url":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/","name":"Crypto Analyst Predicts Solana Price Crash Using Elliott Waves","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024","datePublished":"2024-06-04T12:15:24+00:00","dateModified":"2024-06-11T07:21:18+00:00","description":"Analyst Gert van Lagen presents an extremely bearish outlook for Solana, suggesting that its price is poised for a substantial crash.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024","width":1792,"height":1024,"caption":"Solana price crash prediction"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves","url":"http:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-analyst-solana-price-crash-elliot-waves\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["sol","sol price","solana","solana news","solana price","solana price analysis","solana price prediction"],"dateCreated":"2024-06-04T12:15:24Z","datePublished":"2024-06-04T12:15:24Z","dateModified":"2024-06-11T07:21:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-analyst-solana-price-crash-elliot-waves\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-analyst-solana-price-crash-elliot-waves\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"sol\",\"sol price\",\"solana\",\"solana news\",\"solana price\",\"solana price analysis\",\"solana price prediction\"],\"dateCreated\":\"2024-06-04T12:15:24Z\",\"datePublished\":\"2024-06-04T12:15:24Z\",\"dateModified\":\"2024-06-11T07:21:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-04-13.46.11-A-detailed-financial-chart-with-a-red-downward-arrow-prominently-displayed-in-the-foreground.-The-arrow-should-follow-a-zigzag-pattern-similar-to-a-de.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/611366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=611366"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/611366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/611376"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=611366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=611366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=611366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}