Smart Contracter Predicts $900 Solana (SOL) – Under One Condition
According to a top cryptocurrency analyst and trader, known as Smart Contracter, Solana (SOL) seems ready for a massive rally to $900.
Smart Contracter shares his 175.2K followers on Twitter that the decentralized finance platform Solana (SOL) will outperform both (Ethereum) ETH and Bitcoin (BTC).
The analyst shared his tweet from early September, where he targeted SOL at $900 assuming it follows BNB’s path. He hasn’t changed his mind about his earlier prediction, which would mean 360% gains from SOL’s current value $196.
“Monthly reminder $900 Solana (SOL) is not a joke, it’s gonna happen…
ETH/BTC looks bullish, SOL/BTC looks bullish, but SOL/ETH also looks bullish, so naturally SOL is my largest bag and I believe it outperforms BTC and ETH.”
Smart Contracter, who uses Elliot Wave theory in his analysis, says that SOL/ETH is bullish, but also ETH/BTC is bullish, so SOL would seem to outperform both ETH and BTC.
Elliott Wave theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies impulse waves that set up a pattern and corrective waves that oppose the larger trend. Each set of waves is nested within a larger set of waves that adhere to the same impulse or corrective pattern, which is described as a fractal approach to investing.
eth/btc looks bullish, sol/btc looks bullish, but sol/eth also looks bullish, so naturally $sol is my largest bag and i believe it outperforms btc and eth. pic.twitter.com/gCSFAICpYk
According to the analyst Solana’s chart recently has been looking more and more like to Binance Coin (BNB), which surged by over 1,600% to a record high between January and May this year.
Should Solana follow BNB’s pattern, $900 is likely on the table, he says.
“Same vibes, same narrative…
If SOL follows the run BNB had it can go to $900.”
if $sol follows the run BNB had it can go to $900.
