SolanaShort
It's not looking good for Solana....
My prediction is that Solana SOLUSD SOLUSD SOLUSD 
SOLUSDT is overvalued in the short term at $190 for several reasons:
Price Surge: The rapid increase in Solana's price has outpaced its actual adoption and technological developments. Such sharp price movements often lead to overvaluation.
Technical Analysis: The formation of a double top pattern, a bearish technical indicator, suggests that the price has reached a strong resistance level at $190 twice and failed to break through. This pattern often precedes a price decline as it indicates potential weakening of buying interest and an increase in selling pressure.
Economic Forecast: I predict an economic collapse starting in 2025, indicating that this may be the last bull run before a significant downturn. This scenario is seen as the last major correction to shake out overleveraged bulls, setting the stage for a new all-time high by early 2025.
These factors suggest that Solana's price at $190 is unsustainable in the short term and could be due for a correction, which is why I am shorting Solana right now.
CYANE
SOLUSD SOLUSD SOLUSD SOLUSDT is overvalued in the short term at $190 for several reasons:Price Surge: The rapid increase in Solana's price has outpaced its actual adoption and technological developments. Such sharp price movements often lead to overvaluation.
Technical Analysis: The formation of a double top pattern, a bearish technical indicator, suggests that the price has reached a strong resistance level at $190 twice and failed to break through. This pattern often precedes a price decline as it indicates potential weakening of buying interest and an increase in selling pressure.
Economic Forecast: I predict an economic collapse starting in 2025, indicating that this may be the last bull run before a significant downturn. This scenario is seen as the last major correction to shake out overleveraged bulls, setting the stage for a new all-time high by early 2025.
These factors suggest that Solana's price at $190 is unsustainable in the short term and could be due for a correction, which is why I am shorting Solana right now.
CYANE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.