Economist Henrik Zeberg is predicting a major upswing in the altcoin market, with Solana (SOL) taking center stage.
Solana’s Predicted Surge
Zeberg, who boasts a large following on X (formerly Twitter), believes Solana is poised for a significant price increase after a recent dip. He’s using the Elliott Wave theory – which suggests assets follow a five-wave pattern, with the third wave being the strongest – to support his forecast. He claims altcoin season is entering its most explosive phase, with Solana leading the way towards its “final target.” At the time of writing, Solana is trading around $196.
Altcoins to Outperform Bitcoin?
Zeberg’s prediction isn’t limited to Solana. He also expects altcoins to significantly outperform Bitcoin (BTC) during this market phase. He simply stated, “Wave three in alts now beginning. Hold on!”
Bitcoin’s Short-Term Outlook
While bullish on altcoins, Zeberg also sees a short-term rise for Bitcoin. He anticipates a rally into early January, based on his analysis of Bitcoin’s recent price action and the 50-day moving average. Bitcoin is currently trading around $98,871.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto carries significant risk.
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