Crypto Trader Says Massively Bearish Solana Target Still in Play, Unveils Outlook for Bitcoin and Ethereum
Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).
Starting with Solana, Martinez tells his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if SOL fails to break above the resistance area that lies below the $138 price.
“For all we know, Solana might be retesting the breakout zone from a right-angled ascending broadening pattern, with the $65 target still in play.”
Solana is trading at $125 at time of writing.
Turning to Bitcoin, Martinez says that the crypto king’s support zone at around $82,024 is a…
