Solana (SOL) Primed to Implode by 80% and Sink to $20, Predicts Bitcoin (BTC) Bull Max Keiser

Must read

Former FTX executives Backpack exchange expands to 11 US states

Former FTX executives Backpack exchange expands to 11 US states Oluwapelumi Adejumo · 2 mins ago · 2 min read...

Bitcoin options worth $3.7 billion approaching expiration – Deribit

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connect via Access ProtocolAccess Protocol is a...

Ethereum breaks 22-month record crossing $3000 amid positive market speculations

Ethereum’s price soared to a noteworthy milestone in the past day, briefly crossing the $3,000 mark for the first time in 22 months.During this...

Bitcoin’s climb to a yearly high triggers market shakeup

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connect via Access ProtocolAccess Protocol is a...

Bitcoin (BTC) firebrand Max Keiser thinks Ethereum (ETH) rival Solana (SOL) is primed to implode.

The outspoken crypto pundit predicts SOL will crash down to $20, a more than 80% drop from its current price point.

“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.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


&nbsp

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.

Generated Image: Midjourney

More articles

Latest article

Former FTX executives Backpack exchange expands to 11 US states

Former FTX executives Backpack exchange expands to 11 US states Oluwapelumi Adejumo · 2 mins ago · 2 min read...

Bitcoin options worth $3.7 billion approaching expiration – Deribit

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connect via Access ProtocolAccess Protocol is a...

Ethereum breaks 22-month record crossing $3000 amid positive market speculations

Ethereum’s price soared to a noteworthy milestone in the past day, briefly crossing the $3,000 mark for the first time in 22 months.During this...

Bitcoin’s climb to a yearly high triggers market shakeup

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›Connect via Access ProtocolAccess Protocol is a...

Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing

Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing Andjela Radmilac · 3 hours ago · ...