Solana
Short

It's not looking good for Solana....

1582
My prediction is that Solana SOLUSD SOLUSD SOLUSD SOLUSDT is overvalued in the short term at $190 for several reasons:

Price Surge: The rapid increase in Solana's price has outpaced its actual adoption and technological developments. Such sharp price movements often lead to overvaluation.

Technical Analysis: The formation of a double top pattern, a bearish technical indicator, suggests that the price has reached a strong resistance level at $190 twice and failed to break through. This pattern often precedes a price decline as it indicates potential weakening of buying interest and an increase in selling pressure.

Economic Forecast: I predict an economic collapse starting in 2025, indicating that this may be the last bull run before a significant downturn. This scenario is seen as the last major correction to shake out overleveraged bulls, setting the stage for a new all-time high by early 2025.

These factors suggest that Solana's price at $190 is unsustainable in the short term and could be due for a correction, which is why I am shorting Solana right now.

CYANE

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