Popular Analyst Warns Steep Correction in Sight for Solana, Says SOL Has Ways To Go – Here’s His Target

Popular Analyst Warns Steep Correction in Sight for Solana, Says SOL Has Ways To Go – Here’s His Target


A closely followed crypto analyst is warning Solana (SOL) holders that the smart contract platform’s downtrend is likely far from over.

In a new strategy session, pseudonymous analyst Cheds tells his 50,200 YouTube subscribers that he’s bearish on Ethereum (ETH) rival Solana and that he plans to short SOL should it bounce to $15.

If a bounce does not materialize, Cheds says he expects SOL to correct by over 75% from its current price of $12.45.

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“We’re basically breaking support. I think [the] next support is around $3-$4… This has got ways to go. It may not go straight [down]… But it’s not a chart that you should be looking to long. It looks, for now, like you want to avoid it.”

Source: Cheds/YouTube

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