While the bullish expectation continues in the cryptocurrency market, some analysts said that Solana would rise and some said that it would fall below $100.
Cryptocurrency analyst Benjamin Cowen made a comparison between Solana and Ethereum in a post he shared on Twitter on September 17. The analyst said that while Solana maximalists were making fun of Ethereum, they were not following the parity between Solana and Ethereum and Bitcoin.
Correction below $100 expected for Solana
Another trader, Crypto Hodler Solana, predicts a correction below $100 based on his technical analysis.
Despite concerns about a potential correction, another popular analyst, Atlas, made a prediction on September 16, saying, “We are seeing a trend reversal with the weekly close.” Anticipating that the close will be made on the trend, Atlas drew the conclusion that the price could experience a serious rally by surpassing the all-time high (ATH).
Is Solana in the buying zone?
Crypto analyst Patric H. said in a post that the Solana chart is in much better shape than Etrhereum, with the support zone between $125 and $118 being a buy range. The analyst also said that the price needs to gain the $162 level for a potential rally:
We can see a clear support area between $125 and $118 which has continued to hold during major market corrections. This is a clear buy area for me and there is a tight invalidation point below $118
Crypto trader Wagmisaurus Rex, on the other hand, stated that he is hopeful as long as SOL maintains the $120 support.
Stay tuned for new information.
