$SOL COULD DROP TO $70 ๐จ According To This Theory ๐
According to the Elliott Wave Theory, Solana (SOL) could fall to $70. This theory is often used by investors/traders that aims to identify the stages of market trends and potential reversal points. The Elliott Theory includes wave patterns and market psychology. 5 wave pattern (1, 2, 3, 4, 5, see picture) and 3 corrective wave patter (A, B, C). Basically these waves reflect the collective investor behavior and emotions. Up waves = periods of optimism and growth; Down waves = pessimism and consolidation.
Personally I don't think SOL will fall to $70 because this theory does not include factors like: community strength, tech advancements, global economic policies and fundamental analysis. Basically, this theory should be combined with additional external data to make informed decisions.
What Price Will SOL Reach During This Correction? ๐ค Let Me Know In Comments ๐
STAY TUNED! ๐ฅ & Remember, Your Support Is MASSIVELY Appreciated!๐๐ช - DYOR ๐ NFA.๐ค
