Solana Winter Coming? Whale Traders Target This Range For 'Great Entries For The Long Run'

Solana (CRYPTO: SOL), the star performer among altcoins in 2023, may see a significant dip shortly, according to prominent analysts.

Some are eyeing a dip into the $70s as a potential long-term entry point.

Pentoshi, a household name among crypto analysts, doubts whether Solana will drift to his initial short-term price target below $70. They still expect an opportunity to "bid" in the range between $70 to $80 at some point.

Pentoshi's focus seems to be shifting beyond short-term trading, indicating a growing interest in holding Solana ecosystem coins for a longer period.

Rekt Capital, another analyst, paints a more cautious picture.

Rekt Capital highlights the weak reaction to the recent range low and emphasizes the importance of a potential weekly close below this key technical barrier:

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Altcoin Sherpa targets the range between $70 and $80, reiterating its existing plan that focuses on the .382 and .50 Fibonacci levels as ideal entry points for the long term.

While noting some profit-taking at higher levels, Altcoin Sherpa remains optimistic about Solana's future potential.

Overall, all three traders see potential dip-buying opportunities but also warn of potential breakdown risks in the short term.

The upcoming weekly close will be crucial in determining the direction of the trend, with a breach below the range low potentially opening the door for further declines.

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