Solana Prepares For ATH! Famous Analyst Shares Solana And Ethereum Forecasts
The popular cryptocurrency analyst and trader shared his forecasts for smart contract platforms Solana (SOL) and Ethereum (ETH) with his followers.
Solana Prepares for New ATH
The cryptocurrency analyst, known by the alias Smart Contracter , tells his 173,800 followers on Twitter that the popular cryptocurrency Solana ( SOL ) is poised to rise to a new record high after a period of accumulation.
The famous analyst used the following statements for Solana;
“Solana ( SOL ) will soon reach an all-time high again. This period of accumulation will not last forever.”
At the time of writing, Solana, the fifth largest cryptocurrency by market cap, is trading at $161, according to data from CoinMarketCap.
Earlier this week, Smart Contracter predicted that Solana could rise above 100% against the US dollar (SOL/USD) and Bitcoin (SOL/BTC) after ending the fourth wave of the five-wave uptrend .
“I think it’s time to get into SOL/BTC. The same low on the USD pair has already entered some HTF (high time frame) re-accumulation. The next move will be over 100%.”
Smart Contracter uses Elliott Wave theory, a technical analysis approach that predicts future price action by following crowd psychology, which tends to manifest in waves. According to the theory, the Fourth Wave is the final stage of correction before initiating the last wave of the cycle of existence.
Famous Analyst’s Ethereum Forecast
In the case of ETH , Smart Contracter says the leading smart contract platform has yet to run out of steam after removing the $3,500 diagonal resistance.
At the time of writing, the popular cryptocurrency Ethereum is trading at $3862 , according to data from CoinMarketCap .
The crypto analyst also closely follows Ethereum in the Bitcoin pair (ETH/BTC). According to Smart Contracter, ETH/BTC is currently poised for a move to 0.12 BTC ($7,355), representing an upside potential of nearly 100% from 0.062 BTC at its current value of $3,800.
“There are people out there who really think ETH/BTC is bearish.”