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Solana Platform (SOL) optimistic
The analyst, who goes by the pseudonym Pentoshi, told his 576,200 Twitter followers that Smart contract platform Solana (SOL) looked optimistic despite last week’s sharp correction.
“SOL has incredible power through all of this. Once the market stabilizes, I think it will rise to $34 and potentially as high as $40, which triggered last week’s sell-off. I bought some.”
Cryptocurrency strategist Cantering Clark is also optimistic about Solana. The trader said that he placed long positions on Solana with the expectation that sol would eliminate its descending resistance.
“ Fill up some buy orders on SOL right now. The strength compared to all other pairs is quite pronounced. If we get some kind of breakthrough of this decline, then a sharp upward move will follow.”
Expects Solana to lose more than 40%
Meanwhile, cryptocurrency analyst Capo, which once called bitcoin’s demise below $30,000, has the opposite view of Pentoshi and Cantering Clark. He expects Solana to lose more than 40% of its value compared to its current price.
“$18-$20 seems like a good level.”
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