“SOL shitcoin-aholics will:
1. Lose 100% purchasing power vs. Bitcoin
2. Get rug pulled (a few times)
3. ‘Time’ the market with serial losing trades that add up to net losses.
We will pray for you, children.”
Keiser and his wife, Stacy Herbert, both work as senior advisors to El Salvador’s National Bitcoin Office.
Earlier this week, the pseudonymous trader known as Altcoin Sherpa predicted that SOL could soon decline to a price between the Fibonacci retracement levels of $84.50 and $71.67.
“SOL: in theory this should probably go up given all the liquidity that was collected. That said, I still think this one needs a bit of time to cool off. Wouldn’t be surprised to see this come down to lower levels like the $70-$80 again.”
The fifth-ranked crypto asset by market cap is trading at $101 at time of writing.
Other traders predict Solana will continue its hot streak. The pseudonymous analyst known as Bluntz said earlier this week that SOL appeared to be forming a bullish reversal pattern on the one-hour chart.
He predicted that SOL would consolidate for a bit before launching on a parabolic rally.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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