Top Analyst Says SOL Could Repeat ETH’s Explosive 2021 Rally
A well-known crypto trader and strategist says that the innovative contract protocol Solana (SOL) could rise as quickly as Ethereum (ETH) in 2021.
The fake analyst Inmortal tells his 191,200 Twitter followers that Solana could be following ETH’s pattern, which led the top altcoin to break through its resistance at $400 in 2021 and rally to its all-time high.
Looking at the trader’s chart, the similarities between the two charts could have more weight if Solana can break through its resistance at around $60.
At the time this was written, SOL was going for $23.18. Since December 2022, when it was worth $8.03, the ETH competitor’s price has increased by almost 200%.
Altcoin Sherpa, an expert on cryptocurrencies, is also keeping a close eye on Solana. He tells his 189,100 Twitter followers that SOL has more room to go up, but he thinks the cryptocurrency will probably go through a significant drop.
“Do we think this Solana run is going to keep going? I could see more upside to the mid $30s from here if BTC continues. Ultimately, though, I think that we fill the gap with trading volume between $17-$28 or so. Probably going to eventually trade there.”
Inmortal thinks that Bitcoin (BTC), the king of cryptocurrencies, could briefly fall below $20,000 before regaining a critical psychological level and rising to around $24,000.
