warn more downside 1 UPDATE: Top Crypto Analyst Forecasts More Downside for Ethereum Rival Solana (SOL), Updates BTC Forecast

UPDATE: Top Crypto Analyst Forecasts More Downside for Ethereum Rival Solana (SOL), Updates BTC Forecast

-A popular crypto strategist is issuing a warning to investors and traders of Ethereum (ETH) competitor Solana (SOL).

-Crypto analyst Justin Bennett tells his 101,900 Twitter followers that Solana has broken down from its diagonal support after an upside fakeout and now appears headed to lower levels.

-At time of writing, Solana is changing hands for $34.14, down 3.44% in the last 24 hours.

-As for Bitcoin (BTC), the crypto strategist believes BTCs near-term price action is still largely influenced by the S&P 500.

-Bennett also says that the S&P 500 looks bearish after failing to move above a key level.

-According to Bennett, a move to 3,400 for the S&P 500 puts BTC at risk of another significant correction.

-At time of writing, Bitcoin is swapping hands for $19,903. A 30% haircut would price BTC around $14,000.

warn more downside UPDATE: Top Crypto Analyst Forecasts More Downside for Ethereum Rival Solana (SOL), Updates BTC Forecast
UPDATE: Top Crypto Analyst Forecasts More Downside for Ethereum Rival Solana (SOL), Updates BTC Forecast 3

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