UPDATE: It's not over for Solana... Yet

29 Jan 2024 · 10 min
10:06

In this YouTube analysis, the presenter from The Art Of Crypto evaluates Solana’s (SOL) price outlook through three distinct scenarios—bullish, bearish, and short‑term—while tying the outlook to an anticipated deep retracement in Bitcoin. He argues that, despite a recent 30‑40% pullback, Solana remains in an overall uptrend on the weekly chart, making the current dip a buying opportunity. The bearish case hinges on a projected 50% Bitcoin decline over the next three to four months, which could push Solana down to key liquidity zones around $70 and $50, with market makers likely exploiting retail behavior. The bullish short‑term setup focuses on a recent range‑low sweep, suggesting a move toward the range high and a potential rally to $138, driven by liquidity clusters and a “draw on liquidity” effect. Throughout, he explains market‑maker dynamics, retail profit‑taking psychology, and offers a concrete trading allocation plan (about 25% of capital near $68, the bulk near $50) along with risk‑management advice. The video concludes with a call to subscribe to a free newsletter for weekly actionable tips and invites viewers to suggest other coins for future analyses.

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