Starting with pseudonymous crypto trader Cantering Clark, the analyst tells his 149,500 Twitter followers that Solana is in a position to rally to his target after building a months-long base and knocking out his diagonal resistance.
“I struggle with the idea of Solana not handing over a massive pump at some point. More I think about it, SBF (Sam Bankman-Fried) holding a bunch should make me more bullish than bearish.
From a purely trend and swing perspective, this too is approaching a green light. FLOOR.
Solana has five months favoring these lows, and because of that, the checkpoint has moved down. I think it’s safe to say that enough people have committed to lower or stay away that if we retrieve last month’s highs ($34.50) we easily see $40 and more.
Fellow crypto strategist Inmortal is also bullish on Solana. The pseudonymous analyst shares a chart with his 180,000 Twitter followers suggesting that SOL is likely close to rallying towards its target of around $50.
“A man can dream.”
A third crypto analyst, Altcoin Sherpa, also think that Solana is likely on course for a decent rally in the coming weeks.
“I’m still of the view that we’ll see high $40s in the coming weeks.”
As of this writing, Solana is trading hands for $35.90.
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