Ethereum

Solana

Gold

dogwifhat

<p>The post <a href="https://coinpedia.org/news/solana-price-prediction-peter-brandt-predicts-sol-price-will-likely-drop-to-this-level/" rel="noopener noreferrer nofollow">Solana Price Prediction: Peter Brandt Predicts SOL Price Will Likely Drop To This Level</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Solana (SOL) network, a top-tier layer-one (L1) blockchain competing with Ethereum (ETH) to democratize smart contracts, has been a hot topic in the past few months. On one side, the Solana network has been applauded for onboarding millions of investors to the Web3 industry through its meme coins and decentralized financial (DeFi) platforms</p>
<p>As the fifth largest digital asset, the Solana network has over $4.3 billion in Total Value Locked (TVL) and over $3 billion in stablecoins market cap.</p>
<p>On the other hand, the Solana ecosystem has been castigated for not setting a good example amid the ongoing crypto bullish outlook. In addition to network outages, the Solana network is faced with network congestion, thus resulting in a high rate of unprocessed transactions.&nbsp;</p>
<p>Notably, the Solana network has registered heightened on-chain activity due to its meme coins which have a total valuation of about $7.69. Billion. Some of the top Solana-based meme coins include dogwifhat (WIF), and Bonk (BONK), among many others.</p>
<h2 class="wp-block-heading" id="h-short-term-solana-price-expectations-nbsp">Short-Term Solana Price Expectations&nbsp;</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A descending triangle has been completed in <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a><br>I am only the messenger, not the message<br>Remember, a pattern failure (to do what it is supposed to do under classical rules) is more important than a pattern completion <a href="https://t.co/ezershgA5A" rel="noopener noreferrer nofollow">pic.twitter.com/ezershgA5A</a></p>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1778052879074664820?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to a Solana price analysis by veteran trader Peter Brandt, the altcoin has reached a local top and will likely get trapped in a multi-week correction. With Solana’s price slipping below a crucial support level of around $171 on Wednesday during the early New York session, Brandt cautioned traders to proceed carefully to avoid forced liquidation.</p>
<p>Despite lagging behind the ongoing Gold and Silver rally, Brandt remains extremely bullish on Bitcoin price and the altcoin industry.</p>
<p>However, the short-term Solana weakness could be invalidated if the altcoin closes above $183 in the coming days.</p>

Solana Price Prediction: Peter Brandt Predicts SOL Price Will Likely Drop To This Level

목차

CoinPedia News

2024년 4월 10일에 게재된 다른 기사

Babylon Joins Nomic to Launch Bitcoin Staking with Liquidity Features

ACE Exchange Faces Turmoil as Founder David Pan’s Troubles Deepen

Portofino Technologies joins Pyth Network as a new data provider

Cardano (ADA) Price Slumps: On-Chain Weakness, Technicals Signal Further Downside Risk

Permissionless Capital Hosts Game-Changing Event for Web3 Entrepreneurs

Ace Exchange founder accused of $10.7m fraud

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!