Crypto Trader Sounds Alarm on Solana’s Market Reversal

A widely watched crypto analyst, known for his trading insights on Bybit, is raising concerns about Solana’s price trajectory.

The pseudonymous trader, Bluntz, believes SOL is showing signs of a market downturn similar to the one that preceded its 2021 collapse.

Bluntz points to a bearish divergence forming on Solana’s two-week chart—a pattern traders monitor closely as it often signals weakening momentum despite stable or rising prices.

According to him, SOL slipping below $220 would be a troubling development, invalidating a previous bullish pattern and reinforcing the bearish divergence.

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He warns that unless a major shift occurs, Solana’s outlook could turn decisively negative.

Reflecting on past market behavior, he notes that the last time this signal appeared was in late 2021, right before SOL plummeted from around $260 to a cycle low of $8.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.