Solana structurally looking incredibly bullish, especially relative to other alts.
The $130 low sweep from September was met with a higher low in October at around $138 and has bounced strongly from there.
Fundamentally still in a very strong place as a competitor to Ethereum and other layer 1 solutions.
I expect it to close the gap on users and transactions and at 1/10 the market cap of Eth, there is definitely scope to catch up both on a USD value and relative to Eth.
$360 double fib extension, seems reasonable first target, timeframe aggressive.
The $130 low sweep from September was met with a higher low in October at around $138 and has bounced strongly from there.
Fundamentally still in a very strong place as a competitor to Ethereum and other layer 1 solutions.
I expect it to close the gap on users and transactions and at 1/10 the market cap of Eth, there is definitely scope to catch up both on a USD value and relative to Eth.
$360 double fib extension, seems reasonable first target, timeframe aggressive.