Explosive Altcoin Season Incoming, Says Economist Henrik Zeberg, With Ethereum Rival Solana Headed for ‘Final Target’
Economist Henrik Zeberg is turning bullish on one Ethereum (ETH) rival while predicting a broader altcoin market breakout. Zeberg tells his 171,400 followers on the social media platform X that Solana (SOL) may be about to surge after a retracement. The analyst uses the Elliott Wave theory to forecast a massive run for Solana. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up. “Altseason has begun and is now about to move into its most explosive phase. Solana has been leading after a strong wave two pullback. It should now begin its most powerful move up towards its final target.” Solana is trading at $196 at time of writing, down 5.5% in the last seven days. Zeberg also believes altcoins will now start outperforming Bitcoin (BTC) during this phase of the market cycle. “Wave three in alts now beginning. Hold on!” The analyst predicts Bitcoin will head higher in...