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    Home»Altcoins»'It's Over' – Dealer Points Dire Solana Warning, Says SOL Flashing Similar Bearish Sign As 2021 Meltdown – The Each day Hodl
    'It's Over' – Dealer Points Dire Solana Warning, Says SOL Flashing Similar Bearish Sign As 2021 Meltdown – The Each day Hodl
    Altcoins

    'It's Over' – Dealer Points Dire Solana Warning, Says SOL Flashing Similar Bearish Sign As 2021 Meltdown – The Each day Hodl

    By Crypto EditorFebruary 3, 2025No Comments2 Mins Read
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    A intently adopted analyst often known as a “Grasp Dealer” on the crypto change Bybit is warning that Solana (SOL) has printed a market reversal sign just like what was witnessed throughout the 2021 cycle.

    Pseudonymous analyst Bluntz tells his 314,900 followers on the social media platform X that Solana is flashing a bearish divergence on the two-week chart.

    Merchants preserve a detailed watch on bearish divergences, particularly on the upper time-frame because it means that an asset is shedding momentum although its value is rising or going sideways.

    Says Bluntz,

    “SOL shedding $220 is admittedly unhealthy for my part.

    Invalidates the ABC from the highs and makes it look extra impulsive and appears like there’s a two-week bearish divergence printing in 24 hours, and it’ll want an absolute miracle to avoid wasting that.

    It’s over for my part.” 

    Image
    Supply: Bluntz/X

    In his newest SOL evaluation, Bluntz notes that Solana printed the identical bearish divergence sign on the two-week chart in late 2021, simply earlier than SOL collapsed from a excessive of about $260 to a bear market low of $8.

    “It printed.

    The final time we noticed one was, drum roll….. 2021.” 

    Image
    Supply: Bluntz/X

    At time of writing, SOL is buying and selling for $196.71, down over 7% within the final 24 hours.

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    Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses you could incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate internet marketing.

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