Solana Positions for a Major Rally

Solana Crypto: best altcoins to buy

The price for Solana has been on a downtrend lately. But its technical indicators show that there is some bearish momentum.

The price seems to have found support at $125, which it has rejected three times this month. If buy orders waiting for a signal are triggered, then things will get even better.

The resistance around $170 is an area to watch if we see some bullish momentum. Should this break, there’s then a clear path towards the all-time highs of September. But, it may take strong impetus for Solana to make its way back up here again.

Solana to Rise with BTC

A famous crypto analyst and trader predicts a massive run-up in Bitcoin (BTC) for this year. Similarly, the smart contract platform Solana might see similar gains.

The pseudonymous trader known as Smart Contractor claims that Bitcoin is about to rocket once again. But this time without any deep correction.

“No significant BTC pullback in sight. We’re gunning straight to all-time highs. Markets rarely give you a second chance at sniping bottoms.”

Smart Contractor plots a BTC chart and sees that Bitcoin is about to set a new all-time high of $70,000. The trader’s prediction comes from the Elliott Wave Theory. An approach that forecasts future price action by following psychology manifesting in waves.

Ethereum has carved a bullish higher low setup and is now ready to rally above $3,700.

“Nice 0.618 test and higher low with trend being put in on ETH [4-hour timeframe]. Breakout soon.”


The crypto strategist is keeping a close eye on Solana. Which he believes could be nearly done with its corrective period in both the Bitcoin and USD pairs.

“[Wave] four low very close to being put in on SOL/BTC in my opinion. The same low on the USD pair already put in and just in some HTF [high timeframe] re-accumulation. The next move higher will be >100% [in my opinion].”


Theory suggests that before this final upswing in price, there are often more corrective periods where stocks correct lower as they approach their Wave IV completion, which corresponds with Elliott’s correction pattern on charts.