Solana (SOL), which has made very good profits for its investors and is still the favorite of many, cannot show the expected performance in the last days of the year.
The famous analyst Smart Contracter, who made evaluations about Sol, one of the strongest competitors of Ethereum, drew the fall of the popular altcoin and the next roadmap in his latest post.
The analyst, who predicted the bottom of the 2018 bear market to pinpoint, has had a tight follower group since then. The renowned analyst makes his predictions based on the Elliott Wave theory, developed by Ralph Nelson Elliott in the 1920s after observing and describing “repetitive, fractal wave patterns.”
Making evaluations according to the fractal in question, Smart Contracter talked about the 3 wave movements that triggered the downward fall of Solana from the highest levels in a post he made on Twitter.
The famous analyst, who has nearly 200,000 followers on Twitter, expects the Solana price to skyrocket from its all-time high to a new high!
Saying that according to Elliott Theory, the price of the famous cryptocurrency has completed wave two corrective phases and is now ready for the third wave rally, Smart Contracter predicts that the Solana price will experience a strong boom very soon.
On the other hand, Zhu Su, CEO of Capital, announced on Twitter that the firm has accumulated a large amount of SOL.
Yes, unfort sold to eth then like the ethtard that I was
Worst decision of 2021 by far
— Zhu Su 🔺 (@zhusu) December 21, 2021
The famous cryptocurrency exchange Kraken recently claimed that the Solana price could rally up to 260% by the first quarter of the new year.