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Solana (SOL) Price Warning Is Released

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There’s a new Solana price warning released. Check out the latest prediciotns about SOL below.

SOL price warning

A closely followed crypto strategist is issuing a warning to Solana (SOL) holders, saying that the top Ethereum (ETH) challenger could spiral out of control.

In a new strategy session, the pseudonymous analyst Altcoin Psycho says that Solana could be on the verge of a big breakdown. The crypto struggles to stay above a high timeframe support level.

“I really like this one. I really, really like the way Solana looks, and what I mean by that is I think it looks like sh*t. I think it’s going to go lower and that really excites me. I don’t have any short-term accumulation plans on Solana. I’m patiently waiting to see if this level ($25) breaks. I think everyone’s pretty much watching the same level.”

He continued and said this:

“Will it break? I don’t know, but if there’s something that is a good candidate crumbling out of control a little, I think it is Solana.”

The analyst said that those investors could sell their holdings at a loss in favor of new crypto assets touted as “Solana killers.”

“I personally think that Aptos (APT) and Sui (SUI) will be the shiny new toys for a little bit, specifically because they are marketed as the ‘Solana killers.’ I think they could take away some liquidity from Solana, especially towards all those inexperienced retail holders that got in at the top [of Solana]…”

He concluded by saying this:

“one of the big majors that’s a prime candidate to break a major level of support, I would say it’s Solana.”

Regarding the price of Solana today, at the moment of writing this article SOL is trading in the red, and the coin is priced at $28.37. Stay tuned for more news.

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