Bluntz, one of the prominent analysts in the crypto currency market, detected a similar signal in Solana’s two -week chart before the decline in 2021. Bluntz warned investors by drawing attention to the weakening momentum despite the rise of being. At the end of 2021, 260 dollars decreased to $ 8, the left is currently traded at 196.71 dollars. The depreciation recorded in the last 24 hours creates concern for market participants. Analysts underline that care should be careful in the light of past data.
Analyst’s warning and historical parallelism
Bluntz announced that Solana’s current graphic formation coincided with the structure in the last quarter of 2021. The weak rise signal, which appears in a two -week time period, increases the risk of changing the price. According to Bluntz, the loss of $ 220 of the Left invalidates the structure and strengthens the possibility of a fall.
A similar formation was observed before the collapse in 2021. At that time, the left fell from approximately 260 dollars to $ 8 shocked by investors. Bluntz states that the existing painting means bir a challenging process for salvation ”. Such signals are considered early stimulants of the loss of momentum in the crypto currency market.
Market data and expectations of investors
According to the latest data, Solana is traded for $ 196.71 and lost close to 10 %in the last day. Market observers argue whether the downward trend will continue. Analysts believe that even if there is no harsh collapse like 2021, the short -term volatility will remain high.
Investors are cautious because of past experiences. Bluntz’s warning was especially effective among traders focused on technical analysis. However, some experts argue that macroeconomic conditions are different from 2021 and that the same scenario may not be repeated. As a result, risk management stands out in the crypto money market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
