Analyst: Solana Poised to Rally Further but Temporary Dip Possible
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Analyst says Ethereum rival Solana (SOL) is poised to continue rallying higher, but warns of a potential dip first due to incoming supply from FTX
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Advises being patient and taking a swing trading approach, with buy entries from current prices down to below $50
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Notes SOL has consolidated for a month during an overall healthy Bitcoin uptrend, meaning some exposure now is reasonable
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SOL is up over 550% year-to-date, now trading around $66 after starting 2023 under $10
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Analyst sees "high percentage chance" of SOL being significantly higher in 6+ months, making it a good long-term investment