A prominent analyst says a competitor to Ethereum (ETH) is poised to more than quadruple its current level.

Known as the Smart Contracter, the Person of the Day told his 174,900 Twitter followers that Solana (SOL) will outperform both ETH and Bitcoin (BTC).

His current target price is $ 900-360% above SOL’s current price.

The analyst uses Elliott Wave Theory which predicts future price movements by analyzing market sentiment through waves.

“The $ 900 target for Solana (SOL) is no joke, it happens …

ETH / BTC looks bullish, SOL / BTC looks bullish, but SOL / ETH also looks bullish, so of course SOL will be the coin I buy the most and I believe it will outperform BTC and ETH.

The source: Smart Contracter / Twitter

At press time, Solana is trading at $ 204, about 4% below its all-time high in September, according to CoinGecko.

Smart contracter said he believes Solana’s recovery is just beginning as the altcoin rose above a major resistance level and completed a bullish pattern.

“SOL has broken through strong resistance levels and completed an inverse head and shoulders pattern. It seems that his recovery has only just begun. “

The source: Smart Contracter / Twitter

Last month, the analyst said Solana had pricing behavior similar to Binance Coin (BNB), which rose more than 1,600% to a record high between January and May this year.

If so, SOL could rise to $ 900 this cycle.

“Same mood, same story …

If SOL moves in line with BNB, it can go up to $ 90. “

The source: Smart Contracter / Twitter

You can see the SOL prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

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