Solana (SOL) To Surge By At Least 70%

Solana will reportedly surge by at least 70%, according to the latest price predicitons. Check out the latest reports about the price of this ETH competitor below.

Altcoin Sherpa, a well-known crypto analyst, has made a bold prediction about Solana (SOL), an Ethereum (ETH) competitor.

According to the pseudonymous trader, SOL may soar to three figures in 2024.

He shared this prediction with his 198,500 followers on the social media platform X, mentioning that SOL is likely to increase by at least 72% from its current value next year.

“SOL: hoping for a bit lower to be honest. Sub $50 would be an excellent entry but this is going to go to three digits next year.”

According to a trader, using Fibonacci retracement levels, it is possible that Solana’s price could decline to $48.79 or $42.80 before experiencing a significant surge. As of writing, Solana is trading at $57.47, reflecting a 6% increase in the past 24 hours.

The trader also suggests that Chainlink (LINK), a decentralized oracle provider, could potentially decrease to Fibonacci levels of $11.15 or $12.

“LINK: I still want $11.15 and $12. Waiting patiently. Moves today are nice but not any sort of big MS (market structure) shift yet.”

At the time of writing, Chainlink’s market price is $14.29, which is an increase of 1.3% in the last 24 hours.

The trader predicts that the native asset of the non-fungible token (NFT) marketplace Blur (BLUR) could soon challenge higher resistance levels, with possibilities of $0.60 and $0.75 on the current run.

BLUR is currently trading at $0.50, which is up by 3.5% in the last 24 hours. Additionally, the trader expects the broader crypto market to trade sideways for the foreseeable future.

“BTC: nothing has changed. Nice moves today but don’t think that we’ve seen a big market structure shift yet.

Nice moves for some alts but still expecting a lot of chop for the majority.”

He also says that Bitcoin (BTC) will likely break out soon and outperform altcoins.