Altcoins

Solana To Hit $30 If This Happens, Per Top Analyst

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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  • Solana to follow ETH’s 2021 bull run

  • Bitcoin is expected to drop before a massive bull run

Since the mid of December 2022, Solana has emerged as one of the best performing altcoin with its consistent bull run. This smart contract platform which tends to follow Bitcoin and Ethereum, is just a few figures away from claiming back its lost value after FTX collapse.

Currently, Solana is valued at $23.49 with a gain of 0.22% over the last 24 hrs and 47% in the last one week.

Meanwhile, a well-known crypto analyst and strategist who is anonymously known as Inmortal informs is of the opinion that Solana might flash Ethereum’s 2021 bull rally. The analyst informs his 191,200 followers over Twitter that Solana might mirror Ethereum’s 2021 price action when ETH managed to hit its all-time high of $400.

If Solana has to perform as per the analyst claim, the altcoin should move past its crucial resistance of $60.

Bitcoin At $24K

However, Inmortal predicts Bitcoin to drop below $20,000 before it makes a move towards the $24,000 area.

Another crypto analyst known as Altcoin Sherpa also portrays his bullish stance towards Solana. He attempts to inform his 189,100 Twitter followers that Solana will see an upward rally of more than $30 if BTC moves north.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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