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Cryptocurrency News Articles
A storm brews on the horizon for Solana, one of the darlings of the crypto world.
Mar 12, 2025 at 09:30 am
Amid the swirling digital currencies and volatile markets, an esteemed crypto strategist foresees a daunting journey.
In the dynamic realm of digital currencies, where fortunes are quickly made and lost, the predictions of experienced crypto strategists can provide crucial guidance for navigating the volatile markets. Known to his online followers as Bluntz, this analyst has used the Elliott Wave theory to chart out a turbulent path for Solana.
Despite being one of the darlings of the crypto world, known for its rapid technological advancements and the enthusiasm surrounding it, the next few years might pose formidable challenges for Solana, according to the crypto strategist.
After rising to new highs in August 2022, the flagship of the layer-1 protocol may encounter difficulties, with minimal gains anticipated before a deeper descent into bearish territory, as indicated by the analyst.
“We’re still in the A-wave down from the August 2022 highs, and we could be in this correction for a while yet,” said Bluntz.
[coin_tube id=173636 related=true best_of=true]
After enduring a 57% drop from its previous peaks, reaching lows of around $80, Solana’s value could be influenced by the US Dollar Index (DXY).
If the DXY continues to falter, cascading below the psychological barrier of 100 points throughout 2025, it might have broader implications for global financial stability, in the opinion of the crypto analyst.
As Solana completes its A-wave decline to below $100, thanks to the macroeconomic shifts and crypto trends setting the stage, Bluntz anticipates a resilient B-wave rally.
This brief respite may propel Solana to $200 by early 2026, setting the stage for a final C-wave to collapse to around $80 in 2027.
However, this turbulence may not bode entirely ill, setting the stage for a vibrant rebound by 2028, potentially cresting above the $300 mark.
This cyclical nature underscores that while digital currencies undergo tempestuous phases, their long-term horizons often harbor the possibility of renewal and growth, presenting unique investment opportunities.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Mar 12, 2025 at 08:25 pm
- (TheNewswire)
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- Bitcoin's Price Movement Recently Has Underscored the Importance of the Short-Term Holder (STH) Cost Basis as a Key Momentum Indicator
- Mar 12, 2025 at 08:25 pm
- Bitcoin's price movement recently has underscored the importance of the short-term holder (STH) cost basis as a key momentum indicator. It has emerged as a vital threshold for the sentiment of this market.
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- Large investors are moving away from Solana and focusing on a different altcoin.
- Mar 12, 2025 at 07:45 pm
- This shift is creating buzz in the crypto community. Which digital coin is capturing their interest now? Explore what is driving these big players to change course and discover the new asset that’s catching their eye.
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