Economist Henrik Zeberg Says Solana-Based Altcoin Could Rise Nearly 1,000% in a ‘Matter of Weeks’

Economist Henrik Zeberg believes a Solana (SOL)-based memecoin might quickly expertise a parabolic rally.

Zeberg tells With its 155,400 followers on the social media platform

“WIF might attain $15-$22 inside weeks.”

The analyst used the Elliott Wave Concept to counsel the short-term explosive value motion of WIF. The Elliott Wave Concept is a kind of technical evaluation that examines wave patterns based mostly on the repetitive conduct of market contributors. In accordance with Elliott Wave rules, an ABCDE triangle signifies that consolidation in an up market might set off a powerful rally as soon as accomplished.

‘Are you on board? It breaks out of the lengthy ABCDE consolidation. The potential is nice.”

WIF is buying and selling at $2.17 on the time of writing, up 3.5% within the final 24 hours.

The analyst too say that the TOTAL3 chart seems to be breaking out in opposition to Bitcoin (TOTAL3/BTC) on the weekly time-frame.

The TOTAL3 chart tracks the market capitalization of all crypto property, excluding Bitcoin, Ethereum (ETH) and stablecoins.

“Altseason is right here! Alts are beginning to outperform BTC. The Alts-BTC ratio has turned larger after bullish divergence and retested the trendline. Now we fly, or fairly, alts fly. WIF then took the lead [September 24th]!”

In accordance with the analyst, TOTAL3/BTC breaks out after bullish divergence with the relative energy index (RSI), a momentum indicator. A bullish divergence usually signifies {that a} reversal is in sight, as the worth of an asset trades decrease or sideways whereas an indicator witnesses larger lows.

A TOTAL3/BTC breakout suggests the broader altcoin market is outperforming Bitcoin.

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