Top Trader Says Solana (SOL) Could Repeat Ethereum’s Explosive Rally In 2021
Popular crypto strategist and trader says Solana (SOL) smart contract protocol could replicate Ethereum’s (ETH) meteoric rise in 2021
Analyst alias Inmortal tells his 191,200 Twitter followers that Solana may be following the ETH pattern that eventually saw the top altcoin break the $400 resistance in 2021 and rise to its all-time high
Looking at the trader’s chart, the similarity between the two charts could matter more if the SOL manages to break through the resistance around $60.
At the time of writing, SOL is trading around $23.18. Rival ETH is up almost 200% from its low of $8.03 in December 2022.
Fellow cryptanalyst Altcoin Sherpa is also keeping a close eye on Solana. He tells his 189,100 Twitter followers that while SOL has more upside potential, he believes the crypto asset is likely to undergo a significant correction.
“Do we think this Solana rally will continue? I could see more upside to the mid $30s from here if BTC continues to rise. Ultimately, however, I think we will fill the gap with trading volume between $17-$28 or so.”
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