The cryptocurrency market is losing altitude for now with Bitcoin sliding down from its peak. While the leading crypto Bitcoin fell below $ 71,000, altcoins gave back some of their gains. However, analysts are still hopeful for the future. Macro guru Raoul Pal says that Solana’s recovery of an important level will signal that the broader crypto market has entered the most explosive phase of the cycle. A popular analyst expects explosive moves from the leading altcoin rival.
Key to the bull run: SOL needs to get $185 back!
As you follow from Kriptokoin.com, Bitcoin’s peak run has increased the excitement in the market. However, after strong runs, the market entered the consolidation phase again. While Bitcoin is losing altitude, altcoins are also moving in the red zone. However, this situation is likely to change. Real Vision CEO Raoul Pal shared his latest predictions to his one million followers on social media platform X. Pal says that if altcoin Solana turns 185 dor into support, other cryptocurrencies will start to rise with it. In this context, Pal says, ‘With BTC exceeding $ 70,000, I expect final confirmations from others. SOL is over $ 185.’
Pal mentions that SOL and other digital assets are printing breakout patterns. Therefore, he predicts that a major crypto bull trend will begin soon. In this direction, Macro Guru shares the following assessment for altcoin:
I hope we can break all these levels and move on with our lives. I’m not buying or selling, just observing market phases. SOL breaking $185 is enough for me to confirm the fruit phase. We are all a bit mentally burnt out from the range failures in recent months, so we have to be careful.
Analyst predicts 4-digit prices for the leading altcoin competitor!
Meanwhile, the popular analyst nicknamed Inmortal says Solana will emerge as the best-performing digital asset and rise to four-digit figures. In this context, the analyst makes the following statement:
Before a good run, you want to identify future top performers. SOL is one of these performers. One of the few to fully recover from Friday’s decline. The year is 2027, SOL hits a new bear market low at $1,200.
Meanwhile, Solana was trading at $ 171.28 at the time of writing, down 1.8% in the last 24 hours. The altcoin saw a 2.96% loss on its weekly chart. However, SOL gained over 14% on its monthly chart.
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