{"id":643340,"date":"2024-09-20T14:30:44","date_gmt":"2024-09-20T14:30:44","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=643340"},"modified":"2024-09-20T09:57:00","modified_gmt":"2024-09-20T09:57:00","slug":"solana-price-crash-to-80","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/solana\/solana-price-crash-to-80\/","title":{"rendered":"Analyst Predicts A Solana Price Crash To $80 If This Happens"},"content":{"rendered":"

Veteran crypto analyst, Peter Brandt has unveiled a <\/span>new bearish forecast for Solana (SOL),<\/span><\/a> predicting a massive price crash to new lows around $80. Despite this grim outlook, there remains a potential for a price recovery as other analysts foresee Solana jumping as high as $208.<\/span><\/p>\n

SOL Heading For $80 Price Crash<\/h2>\n

As of writing, the <\/span>price of Solana just hit $150<\/span><\/a>, up from an initial value of $148 and successfully <\/span>breaking past resistance levels<\/span><\/a> around $149. This significant price increase represents an 8.49% surge, underscoring investors’ strong interest and demand for the altcoin.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Forming First Golden Cross In 4 Years, Is A 3700% Rally To $3.8 Possible?<\/a><\/div>\n

Despite the recent <\/span>bullish performance<\/span><\/a>, Brandt has <\/span>issued<\/span><\/a> a bleak forecast for Solana, anticipating a steep 46.67% price crash in its price from current levels. The crypto analyst\u2019s pessimistic prediction on X (formerly Twitter) is grounded on the possibility of <\/span>Solana failing to break through key support levels<\/span><\/a>.<\/span><\/p>\n

\"Solana
Source: X<\/figcaption><\/figure>\n

Brandt points out that if Solana\u2019s price falls below the $129 support mark, and this support \u201cgives way,\u201d then a large rectangle pattern would be complete. This concluded rectangle could lead to a significant price drop, with a potential downward spiral to $80.\u00a0<\/span><\/p>\n

Following his post, a crypto community member questioned Brandt on why he refers to the pattern as a rectangle, rather than a descending triangle. He also inquired if the wick of the July high was influencing his classification of this rectangle.\u00a0<\/span><\/p>\n

Responding, Brandt clarified that the interpretation of whether it is a rectangle or a descending triangle depends on how the boundaries of the chart pattern are drawn. He stated that regardless of wicks, closing prices, real body and candle sticks, both shapes could lead to similar expectations in terms of price movements.\u00a0<\/span><\/p>\n

In his <\/span>Solana price<\/span><\/a> chart, Brandt also noted a new resistance level around the $204 mark has emerged for the altcoin, suggesting a possibility for the cryptocurrency to reach that threshold.\u00a0<\/span><\/p>\n

Moving forward, the implications of an $80 <\/span>price decline for Solana<\/span><\/a> would reflect a considerable downside risk that could be financially detrimental for investors. As Solana continues to navigate the <\/span>volatile market<\/span><\/a>, investors can monitor key changes in the cryptocurrency\u2019s trajectory to make more informed investment decisions.\u00a0<\/span><\/p>\n

Solana Price Decline To Spark $208 Rally<\/h2>\n

While analysts like Brandt are anticipating a price crash for Solana, another market expert identified as \u2018TraderXO\u2019 on X has <\/span>provided<\/span><\/a> a more conservative price decline that would precede a <\/span>major bull rally<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Is This The End For Ethereum Or A Generational Opportunity?<\/a><\/div>\n

Essentially, TraderXO is <\/span>bullish on the long-term outlook of Solana<\/span><\/a>. The analyst revealed that the price of Solana could begin trading into the $120s again, declining from its present price of $150.\u00a0<\/span><\/p>\n

\"Solana
Source: X<\/figcaption><\/figure>\n

However, the analyst revealed that he would be considering \u201clonging again\u201d around this declined level, <\/span>anticipating a major bull run<\/span><\/a> to $208 for the cryptocurrency. For this to happen, Solana will have to experience a significant 38.67% increase from its current price.\u00a0<\/span><\/p>\n

\"Solana
SOL price at $152 | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Veteran crypto analyst, Peter Brandt has unveiled a new bearish forecast for Solana (SOL), predicting a massive price crash to new lows around $80. Despite this grim outlook, there remains a potential for a price recovery as other analysts foresee Solana jumping as high as $208. SOL Heading For $80 Price Crash As of writing, the price of Solana just hit $150, up from an initial value of $148 and successfully breaking past resistance levels around $149. This significant price increase represents an 8.49% surge, underscoring investors’ strong interest and demand for the altcoin.\u00a0 Related Reading: Dogecoin Forming First Golden Cross In 4 Years, Is A 3700% Rally To $3.8 Possible? Despite the recent bullish performance, Brandt has issued a bleak forecast for Solana, anticipating a steep 46.67% price crash in its price from current levels. The crypto analyst\u2019s pessimistic prediction on X (formerly Twitter) is grounded on the possibility of Solana failing to break through key support levels. Brandt points out that if Solana\u2019s price falls below the $129 support mark, and this support \u201cgives way,\u201d then a large rectangle pattern would be complete. This concluded rectangle could lead to a significant price drop, with a potential downward spiral to $80.\u00a0 Following his post, a crypto community member questioned Brandt on why he refers to the pattern as a rectangle, rather than a descending triangle. He also inquired if the wick of the July high was influencing his classification of this rectangle.\u00a0 Responding, Brandt clarified that the interpretation of whether it is a rectangle or a descending triangle depends on how the boundaries of the chart pattern are drawn. He stated that regardless of wicks, closing prices, real body and candle sticks, both shapes could lead to similar expectations in terms of price movements.\u00a0 In his Solana price chart, Brandt also noted a new resistance level around the $204 mark has emerged for the altcoin, suggesting a possibility for the cryptocurrency to reach that threshold.\u00a0 Moving forward, the implications of an $80 price decline for Solana would reflect a considerable downside risk that could be financially detrimental for investors. As Solana continues to navigate the volatile market, investors can monitor key changes in the cryptocurrency\u2019s trajectory to make more informed investment decisions.\u00a0 Solana Price Decline To Spark $208 Rally While analysts like Brandt are anticipating a price crash for Solana, another market expert identified as \u2018TraderXO\u2019 on X has provided a more conservative price decline that would precede a major bull rally.\u00a0 Related Reading: Is This The End For Ethereum Or A Generational Opportunity? Essentially, TraderXO is bullish on the long-term outlook of Solana. The analyst revealed that the price of Solana could begin trading into the $120s again, declining from its present price of $150.\u00a0 However, the analyst revealed that he would be considering \u201clonging again\u201d around this declined level, anticipating a major bull run to $208 for the cryptocurrency. For this to happen, Solana will have to experience a significant 38.67% increase from its current price.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":643389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[167,6664,26263,14690,12837,89406,86420,83626,89405,85361,86410,83627],"class_list":["post-643340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nAnalyst Predicts A Solana Price Crash To $80 If This Happens<\/title>\n<meta name=\"description\" content=\"Peter Brandt has 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Predicts A Solana Price Crash To $80 If This Happens","url":"http:\/\/www.uniquehot.com\/news\/solana\/solana-price-crash-to-80\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.uniquehot.com\/news\/solana\/solana-price-crash-to-80\/"},"thumbnailUrl":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Solana_225b9f.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Solana_225b9f.jpeg?fit=1792%2C1024"},"articleSection":"Solana","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","sol","sol news","sol price","solana","solana news","solana price","solusd","solusdt"],"dateCreated":"2024-09-20T14:30:44Z","datePublished":"2024-09-20T14:30:44Z","dateModified":"2024-09-20T14:30:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Predicts A Solana Price Crash To $80 If This Happens\",\"url\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/solana\\\/solana-price-crash-to-80\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.uniquehot.com\\\/news\\\/solana\\\/solana-price-crash-to-80\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Solana_225b9f.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Solana_225b9f.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Solana\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"sol\",\"sol news\",\"sol price\",\"solana\",\"solana news\",\"solana price\",\"solusd\",\"solusdt\"],\"dateCreated\":\"2024-09-20T14:30:44Z\",\"datePublished\":\"2024-09-20T14:30:44Z\",\"dateModified\":\"2024-09-20T14:30:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.uniquehot.com\/wp-content\/uploads\/2024\/09\/Solana_225b9f.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/643340"}],"collection":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/comments?post=643340"}],"version-history":[{"count":1,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/643340\/revisions"}],"predecessor-version":[{"id":643397,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/posts\/643340\/revisions\/643397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media\/643389"}],"wp:attachment":[{"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/media?parent=643340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/categories?post=643340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uniquehot.com\/wp-json\/wp\/v2\/tags?post=643340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}