Pseudonymous analyst Inmortal tells his 191,200 Twitter followers that Solana could be following ETH’s pattern that eventually led to the top altcoin breaking out of its resistance at $400 in 2021 and rallying to its all-time high.
“Still in play.”
Looking at the trader’s chart, the similarities between the two charts could have more weight should Solana manage to take out its resistance at around $60.
At time of writing, SOL is changing hands for $23.18. The ETH rival has risen in value by nearly 200% from its low of $8.03 in December 2022.
Fellow crypto analyst Altcoin Sherpa is also keeping a close watch on Solana. He tells his 189,100 Twitter followers that while SOL has more upside potential, he believes the crypto asset will likely undergo a significant correction.
“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.”
“$21,000 ? $18,000 ? $24,000.”
At time of writing, Bitcoin is changing hands at $21,055.
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