Solana (SOL) Will Not See New Low in 2023, Believes Analyst: But Will It Really?

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Solana (SOL) Will Not See New Low in 2023, Believes Analyst: But Will It Really?
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Analyst has bullish outlook for Solana, but situation on chart is questionable

, with the prices of assets swinging wildly based on a myriad of factors. Amid this unpredictability, analysts and experts often provide their insights and predictions, guiding investors through a tumultuous landscape. One such recent prediction comes from a noted analyst, who believes thatThe analyst's reasoning is rooted in historical context.

Drawing parallels with 2019, the analyst opined,"While 2019 is useful context, I don't think BTC, ETH, and SOL make new lows in '23 — 2022 was the low in my opinion." He further elaborated,"That doesn't mean we don't take a punch, but if right, it means the long-term uptrend will continue into '24 & '25 — be wary of bottom vultures that'll never buy.

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