Solana Holders May Be In for Same Pain As Ethereum Bulls, According to Analyst Benjamin Cowen – Here’s Why
A widely followed crypto analyst says that holders of smart contract platform Solana (SOL) may be due for the same pain Ethereum (ETH) traders felt during previous cycles. In a new interview on the Crypto Banter YouTube channel, popular crypto trader Benjamin Cowen says that Solana paired against Bitcoin (SOL/BTC) is printing the same patterns that ETH/BTC did years ago before stagnating. “A lot of these altcoins follow this pattern, and I want to show you this really interesting pattern by Solana… It’s following the same pattern so far – look at ETH/BTC. This was a 90% drop followed by a https://cdn.thebittimes.com/images/2024/12/16/7b13155d24fc96821496142b5bc12631.webp% rally [and] right and after that https://cdn.thebittimes.com/images/2024/12/16/7b13155d24fc96821496142b5bc12631.webp% rally, ETH/BTC got this drop and this drop was essentially putting in higher lows. It was putting in higher lows [and] everyone was calling for the flipping. It got [...