Analyst Sees Potential for Solana Recovery: Positive Divergence Signals Emerge

Crypto analyst Bluntz highlights potential recovery signals for Solana, a competitor to Ethereum, after the asset experienced a significant value decline. Analyzing Solana’s daily chart, Bluntz observed positive divergence, indicating increased buying pressure despite the price drop. This suggests that investors may be actively buying the asset even as it loses 64% of its value.