Solana Coin Price Prediction, Check Academy  Crypto Analysis

Bittime - Solana Price Analysis according to crypto observer Academy Crypto on the occasion of Margin Call with Episode "Crypto Rungkad Entek-entekan" briefly discussed the movement of SOL prices. See the full analysis below.

Solana Shows Interesting Pattern on Weekly Chart, Will It Rise?

Solana has once again caught the attention of traders and market analysts. Based on the weekly chart pattern, Solana is currently showing a formation called a descending triangle, a technical pattern that is often followed by a price decline. 

However, what makes it interesting is the similar pattern that occurred in the first quarter of 2021, which was actually followed by a *parabolic run* or a very fast and sharp price increase.

Solana Interest Declines But Descending Triangle Pattern

According to Kalimasada, buying interest in Solana has indeed started to decline, which is an indication of the potential for a price drop in the near future. 

However, if we refer to previous history, Solana has experienced a *descending triangle* pattern which was then followed by a significant increase after a fairly long consolidation phase.

Is Solana Less Interesting?

"Many people think Solana is less attractive now, especially because of its descending triangle pattern," Kalimasada said. "But if we look back to April 2021, we saw the same pattern, and then there was a parabolic run."

Current Altcoin Market Uncertainty

However, there are a few things to keep in mind. Some traders may still be cautious about Solana due to the uncertainty in the overall altcoin market. 

Analysts suggest taking a closer look to see if this pattern will repeat itself or not, and if so, Solana may be in for another big rally.

Kalimasada Does Not Hold Solana When Margin Call is Taken

"I personally don't hold Solana at the moment," he continued. "But it's an interesting pattern to watch, especially if we see a spike similar to what happened in 2021. 

That said, I'm still more hopeful about Ethereum because of its long-term potential."

Conclusion

In the coming weeks, Solana could be key for traders looking for opportunities in the altcoin market. 

Whether or not this *parabolic run* pattern will repeat itself is still a big question. For those interested, it is time to watch Solana closely.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.