A trio of widely followed crypto strategists believes that more rallies are in sight for top Ethereum (ETH) competitor Solana (SOL).
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 email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tuso chakma
