Analyst Predicts Solana May Hit $70 Low As Bearish Pressure Sustains

• Analyst “Bluntz Capital” suggested Solana may be gearing up to hit a new low of $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. 

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.