Crypto analyst Ali Martinez warns that Solana (SOL) may be indicating a potential correction. Martinez notes that SOL’s Tom DeMark sequential indicator has flashed a sell signal on the daily chart, historically signaling a price drop for the smart contract platform. Martinez explains that in previous instances, whenever this indicator suggested selling, SOL’s price dropped by 17% to 28%. Based on that pattern, he predicts a possible retracement to $152 or even $127. Despite Solana’s recent gains, it is still down over 29% from its all-time high. However, not all traders share Martinez’s bearish view. Another analyst, Kaleo, suggests that SOL could soar to $200 after breaking out of a bullish trendline in the $150 range.
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Solana Flashing Sign of a Potential Correction, Says Crypto Trader Ali Martinez – Here Are His Targets
