Verbal speculation in the cryptocurrency market is a frequent occurrence. One example is the news that rumors have spread online that Google is buying 2,800,000 Solana. Martin Folb, CEO of Token Dynamics, wrote about this in his microblog (twitter.com/martypartymusic/status/1612579124282810368).
“Google buys 2,800,000 Solana at 10/SOL. Google now owns the 13th largest crypto wallet [Solana],” wrote Martin Folbe.
Commentary: The reaction of the market is to pump prices, but if the news is fake, a dump occurs immediately. We look at Solana through the prism of the wave principle.
We decided to evaluate the global outlook for Solana and despite the strong decline, there is huge potential for growth. The fall in wave (2) looks complete or almost complete. Rising in wave (3) could bring Solana prices above the all-time high of $260. If the price of Solana falls below $8, our view will change.
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