Crypto analyst Crypto Patel has made a bullish case for Solana, explaining why 
it is time to start paying attention to the crypto asset. This came as he 
noted that SOL has printed 8 consecutive red monthly candles for the first 
time in its history. Why It Is Time To Start Paying Attention To Solana In an 
X post, Crypto Patel stated that Solana had just printed 8 consecutive red 
monthly candles in its existence and that this is worth paying attention to. 
He reiterated that this has never happened and then cited the 2021 bear cycle 
to explain why this could be significant for SOL. The analyst noted that back 
then, SOL crashed to around $8 after it topped at its all-time high (ATH) of 
$260 in November 2021. Related Reading: Solana Price Struggles Below $100, But 
This Level Changes Everything Crypto Patel mentioned that the 2021 bear phase 
also produced 9 red monthly candles, but that they were not consecutive. The 
9th red candle is said to have marked the exact bottom at $8. Following the 
bear market bottom, SOL then went on to record a brand new ATH near $295 over 
the following years. The analyst noted that the current setup appears 
different and arguably stronger, with SOL forming 8 consecutive red candles, 
from a high of $253 down to a low of $67, and now the 9th monthly red candle 
is forming. He said that market participants have to wait for this month’s 
close before confirming anything, but that history has provided a familiar 
map. Crypto Patel further explained that if the 9th candle plays out as in the 
last bear cycle, it would signal a potential macro accumulation zone. He 
highlighted the $80 to $50 zone as the accumulation range to watch if the 
price extends lower. Meanwhile, if the fractal repeats itself, the analyst 
predicts that SOL could rally to a new ATH between $500 and $1,000. SOL Likely 
Heading Back To $67 In an X post, crypto analyst Jack Adams stated that he is 
almost certain that Solana is heading back to retest between $67 and $58 once 
more before it reverses to between $120 and $175 this year. He also mentioned 
that, based on the SOL/BTC and ETH charts, the crash should happen quickly 
rather than a slow bleed with regard to the buy zone. Related Reading: If The 
Bitcoin Price Crosses $400,000, Will The Solana Price Reach $1,500? Meanwhile, 
the analyst declared that the key monthly zone is within reach before the next 
bull cycle happens. He made this statement based on the previous monthly wicks 
and the area where it got heavily rejected earlier this year. SOL has notably 
suffered one of the largest crashes as the Bitcoin price extends its decline. 
At the time of writing, the Solana price is trading at around $70, down over 
5% in the last 24 hours, according to data from CoinMarketCap. Featured image 
from Adobe Stock, chart from Tradingview.com

Crypto analyst Crypto Patel has made a bullish case for Solana, explaining why it is time to start paying attention to the crypto asset. This came as he noted that SOL has printed 8 consecutive red monthly candles for the first time in its history. Why It Is Time To Start Paying Attention To Solana &#8230;

Why It’s Time To Start Paying Attention To Solana Before It Stages A Repeat Of 2024

Russia has sanctioned 17-year-old British student Alexander Browder after his 
crypto research helped UK officials target a ruble-backed stablecoin network 
accused of moving funds for Moscow’s war economy. TASS, Russia’s state news 
agency, reported Tuesday that Browder was one of…

Russia has sanctioned 17-year-old British student Alexander Browder after his crypto research helped UK officials target a ruble-backed stablecoin network accused of moving funds for Moscow’s war economy. TASS, Russia’s state news agency, reported Tuesday that Browder was one of…

Russia targets 17-year-old Browder over A7A5 crypto findings

SpaceX&#8217;s projected AI revenue growth could significantly enhance its market 
influence, potentially reshaping the aerospace sector&#8217;s dynamics.
The post Goldman projects SpaceX AI revenue to hit $322B by 2030, boosting IPO 
valuation appeared first on Crypto Briefing.

SpaceX&#8217;s projected AI revenue growth could significantly enhance its market influence, potentially reshaping the aerospace sector&#8217;s dynamics. The post Goldman projects SpaceX AI revenue to hit $322B by 2030, boosting IPO valuation appeared first on Crypto Briefing.

Goldman projects SpaceX AI revenue to hit $322B by 2030, boosting IPO valuation

The surge in withdrawal requests at Partners Group highlights potential 
vulnerabilities in the evergreen fund model, impacting investor confidence.
The post Partners Group faces surge in withdrawal requests at major fund, 
shares plunge 17% appeared first on Crypto Briefing.

The surge in withdrawal requests at Partners Group highlights potential vulnerabilities in the evergreen fund model, impacting investor confidence. The post Partners Group faces surge in withdrawal requests at major fund, shares plunge 17% appeared first on Crypto Briefing.

Partners Group faces surge in withdrawal requests at major fund, shares plunge 17%

Bitcoin is enduring a multi-front assault on its spot market liquidity as 
exchange-traded funds, short-term speculators, and cryptocurrency miners 
simultaneously distribute assets. This coordinated selling pressure has 
drained market demand at the fastest pace since the 2022 collapse of the 
Terra/Luna ecosystem. As a result, BTC&#8217;s price has tanked 12% over the past 
week, pushing […]
The post Bitcoin’s selloff is creating the short-heavy setup that could 
reverse it fast appeared first on CryptoSlate.

Bitcoin is enduring a multi-front assault on its spot market liquidity as exchange-traded funds, short-term speculators, and cryptocurrency miners simultaneously distribute assets. This coordinated selling pressure has drained market demand at the fastest pace since the 2022 collapse of the Terra/Luna ecosystem. As a result, BTC&#8217;s price has tanked 12% over the past week, pushing &#8230;

Bitcoin’s selloff is creating the short-heavy setup that could reverse it fast

Liftoff Mobile&#8217;s successful IPO amid market challenges highlights resilience 
and strategic timing, potentially inspiring future tech IPOs.
The post Liftoff Mobile raises $437M in US IPO backed by Blackstone appeared 
first on Crypto Briefing.

Liftoff Mobile&#8217;s successful IPO amid market challenges highlights resilience and strategic timing, potentially inspiring future tech IPOs. The post Liftoff Mobile raises $437M in US IPO backed by Blackstone appeared first on Crypto Briefing.

Why It’s Time To Start Paying Attention To Solana Before It Stages A Repeat Of 2024

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