Top Analyst Says Solana to Tank by 50% to $85, Community Reacts

• Top analyst Bluntz Capital predicts a 50% Solana price drop to $85. 
• Solana’s recent rally could be a bearish signal, despite 30-day gains. 
• Community divided on the prediction, citing Bitcoin’s strength and meme coin potential.

Solana (SOL) has been enjoying a multi-month upward trend, but recent technical analysis suggests this rally might be forming a complacency shoulder within a macro B wave, potentially signaling a bearish downturn.

In the latest update, crypto analyst Bluntz Capital voiced concerns that Solana’s broader market outlook may not be as rosy as it seems, especially without a confirmed five-wave decline on lower timeframes. 

ooft, first look at $sol in a while and i think that whole multi month grind up looks like a complacency shoulder macro B wave on usd pair and btc pair.

still no 5 wave decline on the lower timeframes "yet" but its not awe inspiring for the broader market when a former bull… pic.twitter.com/GQNxI1UX8G

— Bluntz (@Bluntz_Capital) August 1, 2024

The analysis points to possible price declines toward key support levels like the $85 region, signaling caution for traders and investors. Bluntz noted that while the cu…

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