Analyst Predicts Decline in Solana’s Price

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Last year, the well-known cryptocurrency analyst Bluntz, who was bullish on Solana (SOL), suddenly shifted to expecting a decline in the Ethereum (ETH) competitor.

Addressing his followers on the social media platform X, the analyst shared his latest views on Solana’s SOL price movements. According to Bluntz, SOL appears to have completed a five-wave rally, signaling a potential change in the market trend.

Shift to Expecting a Decline in Solana’s SOL

Bluntz uses the Elliott Wave theory, a technical analysis approach that predicts future price movements based on crowd psychology, which tends to move in waves.

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