By The Daily Hodl - 3 months ago - Reading Time: 2 minutes
Solana (SOL) Primed to Implode by 80% and Sink to $20, Predicts Bitcoin (BTC) Bull Max Keiser
Bitcoin (BTC) firebrand Max Keiser thinks Ethereum (ETH) rival Solana (SOL) is primed to implode.
The outspoken crypto pundit predicts SOL will crash down to $20, a more than 80% drop from its current price point.
“SOL shitcoin-aholics will:
1. Lose 100% purchasing power vs. Bitcoin
2. Get rug pulled (a few times)
3. ‘Time’ the market with serial losing trades that add up to net losses.
We will pray for you, children.”
Keiser and his wife, Stacy Herbert, both work as senior advisors to El Salvador’s National Bitcoin Office.
Earlier this week, the pseudonymous trader known as Altcoin Sherpa predicted that SOL could soon decline to a price between the Fibonacci retracement levels of $84.50 and $71.67.
“SOL: in theory this should probably go up given all the liquidity that was collected. That said, I still think this one needs a bit of time to cool off. Wouldn’t be surprised to see this come down to lower levels like the $70-$80 again.”
The fifth-ranked crypto asset by market cap is trading at $101 at time of writing.
Other traders predict Solana will continue its hot streak. The pseudonymous analyst known as Bluntz said earlier this week that SOL appeared to be forming a bullish reversal pattern on the one-hour chart.
He predicted that SOL would consolidate for a bit before launching on a parabolic rally.
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Original source: The Daily Hodl