US Crypto Outlook: Solana Faces a Tough Road Ahead, Dollar Weakness Anticipated
by aria-crypto.com
March 12, 2025 at 00:12
US Crypto Outlook: Solana Faces a Tough Road Ahead, Dollar Weakness Anticipated
A prominent crypto strategist, known for accurately predicting market moves, has delivered a bleak forecast for Solana (SOL), indicating that the cryptocurrency will remain in a bear market until at least mid to late 2026. According to the analyst, known as Bluntz, Solana's current downturn could last significantly longer than its previous bull market, potentially setting the stage for deeper declines. Bluntz uses the Elliott Wave theory to predict that Solana will experience a temporary rally (B-wave) that could peak around $200 by early 2026, only to fall back to approximately $80 in 2027 (C-wave), before a new rally commences.
Concurrently, Bluntz's analysis of the US Dollar Index (DXY) forecasts a tough period ahead for the dollar, with expectations of continued weakness throughout 2025, potentially dipping below 100 points. This is likely attributed to global economic shifts and market dynamics that could unfavorably impact the dollar's value against a basket of major currencies. This forecast for both Solana and the US dollar suggests a volatile period ahead in the financial markets, emphasizing the interconnected nature of global currencies and emerging digital assets.
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