In his previous post, he said that if Solana can stay in the green zone between $141 and $1,147, the cryptocurrency could reach one more high before collapsing, he also urged investors to lock in profits in the green zone and reopen short positions from higher levels.
In addition, CrediBull Crypto predicted a new low for #Solana at around $115. He said that Solana and #Dogecoin will witness a slight reversal that will push their value up amid the downtrend in the market.
As mentioned earlier, the projected reversal of Dogecoin and Solana will depend on the future price performance of #bitcoin . At the time of writing, bitcoin is trading at 67,882 bitcoins and Bitcoin ETF spot funds have increased inflows despite the high demand for these digital assets in the market.
Bitcoin fell in price by 4.16 percent last week, sending the #cryptocurrency below its previous high of $71,000, which it reached earlier this month. According to CoinMarketCap, the cryptocurrency has renewed investor interest as its value has risen 1.24 percent in the past 24 hours.
Dogecoin and Solana have now shown a sharp decline, indicating that these cryptocurrencies have been inactive in the cryptocurrency market in recent days. At the time of writing, the price of dogecoin was 0.14, indicating a significant drop of 1% over the past 13.79 weeks.
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