Starting with pseudonymous crypto trader Cantering Clark, the analyst tells his 149,500 Twitter followers that Solana is in a position to rally toward his target after building a multi-month base and taking out its diagonal resistance.
“I have trouble with the idea that Solana does not put in a massive pump again at some point. The more I think of it, SBF (Sam Bankman-Fried) holding a bunch should make me more bullish than bearish.
From a purely trend following and swing standpoint, this too is getting close to a green light. SOL.
Solana has five months favoring these lows, and because of that, the point of control has shifted to the low. I think it’s safe to say that enough people committed to lower, or to the sidelines, such that if we reclaim last month’s highs ($34.50), we see $40+ easily.”
Fellow crypto strategist Inmortal is also bullish on Solana. The pseudonymous analyst shares a chart to his 180,000 Twitter followers suggesting that SOL is likely poised to rally to his target around $50.
“A man can dream.”
A third crypto analyst, Altcoin Sherpa, also thinks that Solana is likely en route for a decent rally in the coming weeks.
“I’m still of the opinion we’ll see high $40s though in the coming weeks.”
At time of writing, Solana is trading hands for $35.90.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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