The post Expert Reveals How Low SOL Will Go appeared on BitcoinEthereumNews.com.

The Solana price is down by nearly 53% since the TRUMP meme coin mania pushed it to a new all-time high of $293.  SOL is trading at $138 at press time, up 5% from its weekly low of $131.  Several smart money investors have already started to buy the dip, while others are waiting for more downside volatility.  Prominent analyst Bluntz, who accurately predicted SOL’s correction at $220, has now given another Solana price forecast, revealing the key level where the price is likely to bottom out. Solana Price Forecast – Top Analyst Reveals The Bottom Popular Bybit trader Bluntz (@Bluntz_Capital) was one of the first analysts to call the Solana top, particularly when it lost the $220 support level. Besides the bearish divergence in the two-week time frame, SOL’s Elliot Wave counts indicated that it had adopted a bearish trajectory.  Now, Bluntz’s recent Solana price forecast suggests that the altcoin will likely bottom at $117. While its trajectory remains uncertain and SOL could experience bull trap bounces, the analyst anticipates it will “at least” reach $117 eventually. i think ultimately we see at least 117, but how long it takes and if it bounces first before we get there i have no idea — Bluntz (@Bluntz_Capital) February 18, 2025 The SOLBTC pair further indicates the bottom isn’t in just yet. It broke down below a falling wedge in the weekly timeframe.  Bluntz claims that the pair likely won’t start its bullish reversal without testing the 0.618  or 0.786 Fibonacci levels, which are currently at 0.00148 and 0.00104, respectively. SOLBTC is currently trading at 0.00163.  A correction to $117 for $SOL falls in line with the growing expectation that the Bitcoin price will likely fall below $80,000 and bottom somewhere in the $72k – $74k range.  Sidelined investors should ideally…

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Filed under: News - @ February 27, 2025 10:26 pm