🚀 Get ready, Solana (SOL) may go down again! According to X analyst Bluntz, the price of SOL will experience a further decline in the next few weeks. However, don't worry, this could be a golden opportunity to buy when prices are low! 😏
Here are some important points:
- Solana's on-chain trading volume is decreasing, but NFT sales volume is increasing.
- Bluntz sees SOL's decline as a buying opportunity, if the price drops to the "low 70s".
- Other analysts, Ali and JAKE, also provide optimistic SOL predictions, with price targets of up to $750 per coin!
Then, what about other on-chain metrics?
- Solana trading volume fell below $700 million in the last 3 days.
- Total Value Locked (TVL) on Solana is also decreasing since the beginning of 2024.
- However, Solana NFT sales volume rose to $70 million in the past week (up 55% compared to the previous week).
What do you think? Will SOL continue to fall, or is this just a pause before it surges again? Come on, discuss it in the comments column! 🗣️