Posted 12/19/2023, 8:55:48 PM
Trader Forecasts Price Drops for Solana and Avalanche, Bonk Risks Fading Away
- Trader predicts corrections coming for Solana (SOL) below $50 and Avalanche (AVAX) below $30 despite long-term bullishness
- SOL and AVAX expected to regain momentum after short-term bearish retracements
- Bonk (BONK) entering distribution phase as early investors take profits, scam pump-and-dumps may be likely
- Trader remains bullish on SOL and AVAX over the long run even if prices drop in the near future
- Dogecoin rival Bonk may die off for a while per the analyst's forecast