SOL Flashes Sell Signal, Raising Possibility of 17-28% Price Drop Though Analysts Remain Bullish Long Term
• SOL's Tom DeMark (TD) sequential indicator flashed a sell signal, which historically precedes 17-28% price drops
• Analyst Ali Martinez cautions this could cause SOL to drop to $152 or $127
• Martinez advises buying dips rather than shorting in a bull market
• Other analysts predict SOL will rise to $200 after breaking out above $150
• Despite recent gains, SOL remains 29% below its all-time high from November 2021