Crypto analyst Ali Martinez suggests a contrarian strategy for Solana (SOL) despite its recent setbacks.
Solana’s Consolidation and Network Issues
Solana has been consolidating since reaching its yearly high, and recent network outages have dampened investor sentiment. However, Martinez believes this could present an opportunity for a rebound.
Cardano’s Whale Activity Slowdown
Martinez also notes a slowdown in whale activity for Cardano (ADA), indicating potential consolidation or a correction.
Bitcoin Withdrawals from Exchanges
Over $7.5 billion worth of Bitcoin (BTC) has been withdrawn from crypto exchanges in the past month, suggesting investors are moving their coins into cold storage.
