Top Trader Says Solana (SOL) Could Repeat Ethereum’s (ETH) Explosive 2021 Rally – Here’s His Chart

Top Trader Says Solana (SOL) Could Repeat Ethereum’s (ETH) Explosive 2021 Rally – Here’s His Chart


A popular crypto strategist and trader says smart contract protocol Solana (SOL) could mirror Ethereum’s (ETH) 2021 meteoric rise.

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.”

Trending: Two Republican Senators Prepare To Endorse Trump In 2024 Presidential Race

Source: Inmortal/Twitter

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

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend