SOL - Crypto Analyst Projects Solana To Rally Eyes $500 Target By End Of This Year: 'Still Bullish As Hell' | Benzinga
A pseudonymous cryptocurrency analyst Altcoin Sherpa, has expressed his optimistic outlook for the meme cryptocurrency Solana (CRYPTO: SOL), suggesting it could potentially double in value this year.
What Happened: Altcoin Sherpa predicts that Solana could reach new peaks during the year but might face immediate challenges.
“There is going to probably be a pullback somewhere in the $200-$250s, but I don’t know how deep it’s going to be. Still bullish as hell on this one this cycle, it’s the best chain for retail (evidence of memes). Probably $500+ in 2024,” the analyst stated.
The TD sell signal on #Solana daily chart has just been invalidated, hinting at a bullish outlook for . It pierced through the setup risk line at $198, potentially setting the stage for a new countdown toward another sell ...