Renowned Analyst Alan Santana Predicts Solana (SOL) May Crash to $33 in the Following Days

Despite an apparent sentiment shift in the cryptocurrency market, the renowned analyst Alan Santana is skeptical for the short-term. In a highly bearish analysis, the trader predicts Solana (SOL) may crash to $33 in the following days.

Renowned cryptocurrency analyst Alan Santana has shifted his attention to Solana (SOL) and predicted a massive price crash to $33 in the following three weeks. This recent analysis was published by Santana on TradingView on August 24, updating a previous analysis targeting $55 per SOL token.

According to the trader, this price crash may unfold within 21 days, although he adds that “these things are hard to predict.” However, Santana appears confident that the crash will eventually come.

If SOL price plays out as expected, the market could see the $33 level again by September 19, following a crash potentially triggered on August 29. The last time Solana saw these prices was in October 2023.

Solana is not the only cryptocurrency that Alan Santana expects to crash in the following days. Notably, the trading expert highlighted a similar forecast for Bitcoin (BTC) and altcoins, calling it “the biggest crash since the bear market,” as Finbold reported.

Essentially, he described it as the last shakeout before sustained long-term growth – concluding he is bullish at higher time frames.

As explained, however, Santana believes small and mid-cap cryptocurrencies will recover faster after the crash. Higher capitalized coins like Solana, Bitcoin, Ethereum (ETH), XRP, Tron (TRX), Toncoin (TON), and others will take longer to bounce back up.

From a fundamental perspective, Solana has faced growing criticisms from different aspects, partially exposed in a recent video.

Solana is also on the radar of other analysts. For instance, Finbold recently reported on a new technical analysis by an anonymous trader on TradingView that suggests Solana could experience a massive rally to the $100 price zone.

If this occurs, it will mark a 200% increase from the current price levels. However, the trader believes that the token will eventually crash to $30 before the rally.

Solana is currently changing hands at around $72, down by over 1% in the past 24 hours and up by 12% over the past week. At the same time, the cryptocurrency has crashed by 70% year-to-date.

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