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⚠️Veteran crypto analyst, Peter Brandt Predicts A Solana Price Crash To $80⚠️

Veteran crypto analyst, Peter Brandt has unveiled a new bearish forecast for Solana (SOL), predicting a massive price crash to new lows around $80.

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.

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’s 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’s price falls below the $129 support mark, and this support “gives way,” 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.

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’s trajectory to make more informed investment decisions.

SOLUSDT Eclipse eyes October to launch Solana Virtual Machine L2 on Ethereum

SOLUSD ETHUSDT SOLETH

BTCUSDT ETHUSDT SOLUSDT They broke the downtrend in 4h and 1D, either pullback to make higher low or prepare to bull run is nice.

SOLUSDT May be a good trade from level 0.5 till 0.764, even bonus it is breaks 100 level. Happy trading.

SOLUSD SOLUSDT BTCUSDT BTCUSD Facts not feelings.

The last 2 times Fed first cut was 50+ bps:

3 Jan 2001
S&P 500 fell -39% next 448 days
Unemployment rose another 2.1%
Recession

18 Sept 2007
S&P 500 fell -54% next 372 days
Unemployment rose another 5.3%
Recession

What am I saying? As I mentioned too many times a 25bps and 50bps will do nada. Recession is inevitable, but NOT before a blow off top 🔝 Fed needs to go in hard, but at what cost? They are still running off the balance sheet, M2 money supply is not where it should be yet…

Facts not feelings…

SOLUSDT 👉Idea:SOL/USDT Poised for a Breakout…
Is in a consolidation phase, trading within a range between $120 and $186. Currently near the midpoint at $140, marked by a Change of Character (ChoCH), the market is at a critical juncture. A bullish breakout above $140 could target the upper boundary at $186, while a break below $120 signals potential downside towards $84. Traders should monitor for a breakout with confirmation to determine the next move, using $120 and $140 as key levels for risk management. tradingview.com/x/BTMCKNmk/
Snapshot

SOLUSD SOLUSDT BTCUSD Balance sheet run-off continues….This mind section really shows the one dimensional thinking and lack of understanding of finance, running of top level headlines, aka ‘50 bps Fed cuts, woop’. As I had mentioned many months ago, a 25 to 50 bps will do nada! Powel is not stopping the run off, the shrinking of the balance sheet….treasuries. For those who don’t understand…it’s the opposite of brrrr…🤡 Sub $100. We won’t go parabolic till 75bps…money supply is king 👑 may he reign forever

SOLUSDT.P great opportunity to open a long position, entry 127, profit 169

SOLUSD SOLUSDT Where’s our $300?!!! We need answers now kiddo

SOLUSDT.P great opportunity to open a long position, entry 127, profit 169