Analyst Says Solana (SOL) Looking ‘Pretty Strong’ Against Bitcoin (BTC) – Here’s His Outlook
A widely followed crypto analyst says that smart contract platform Solana (SOL) is likely to outperform Bitcoin (BTC) in the short term. In a new strategy session, pseudonymous crypto trader Credible Crypto tells his 408,400 followers on the social media platform X that Solana is “looking pretty strong” when paired against Bitcoin. According to the trader, Solana will record a new local high if it rises above the “cluster of resistance” sitting below the 0.0031 BTC price. Source: Credible Crypto/X Solana is trading for 0.0026791 BTC ($153) at time of writing. However, Credible warns that the Solana/Bitcoin pair could fall by up to a staggering 95% from its current level. “That being said, I think all those built-up lows below us [0.001359 BTC, 0.0018 BTC, 0.0019666 BTC and 0.00198 BTC] ultimately end up getting swept, so don’t get euphoric if we do take the highs here.” While the trader says that Solana could outperfo...