Analyst Says Top Ethereum Competitor To Plunge by Over 36% Before Bouncing Higher, Updates Outlook on Bitcoin
A widely followed crypto analyst believes that one Ethereum (ETH) competitor could first correct by double digits and then go on a massive rally to print new all-time highs (ATH). Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Solana (SOL) could decline by more than 36% of its current value. “SOL/Solana: $80s, new all time highs.” Source: Kaleo/X Looking at his chart, the trader suggests SOL could dip to around $80 and then soar past $263. Solana is trading for $125 at time of writing, down more than 5% in the last 24 hours. Next up, the analyst warns that Bitcoin (BTC) could dip to around $42,500, a decline of more than 21% of the current value. He also suggests Bitcoin may have a massive breakout after the US presidential election on November 5th and soar beyond $88,000 in early 2025. “Alright bros, still believe we range through the election and rip after, but starting to look like my IHS (...