A number one crypto dealer and analyst says an Ethereum (ETH) competitor seems able to surge by greater than 4 instances its present ranges.
The dealer pseudonymously named Good Contracter tells his 174,900 Twitter followers that Solana (SOL) will outshine each ETH and Bitcoin (BTC).
His goal value is now $900 – an appreciation of greater than 360% from SOL’s present worth.
The dealer, who primarily depends on Elliot Wave concept, says Solana is bullish when paired towards Ethereum, which is itself bullish when paired towards Bitcoin.
Elliot Wave concept is a technique of figuring out the place property are heading utilizing crowd psychology, which tends to present itself on charts in a collection of waves.
“Month-to-month reminder $900 Solana (SOL) will not be a joke, it’s gonna occur…
ETH/BTC appears bullish, SOL/BTC appears bullish, however SOL/ETH additionally appears bullish, so naturally SOL is my largest bag and I consider it outperforms BTC and ETH.”
In response to CoinGecko, Solana is buying and selling at $192 on the time of writing, down about 10% from its September all-time excessive.
Good Contracter says he believes Solana’s latest resurgence is in its early days after the altcoin rose above two key ranges of resistance.
“Obtained SOL low key breaking downtrends of two completely different levels, this dangerous boy runs laborious when it will get going and it’s solely simply getting began right here.”
The highest crypto dealer says that final month Solana started displaying comparable chart habits to Binance Coin (BNB), which surged by over 1,600% to a report excessive between January and Might this 12 months.
He says that if Solana replicates BNB’s sample, a value of $900 is within the playing cards.
“Similar vibes, identical narrative…
If SOL follows the run BNB had it will probably go to $900.”
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