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Ethereum Challenger prepares for giant breakout as an altcoin prepares for the rally under the radar, according to a popular crypto analyst

A popular crypto strategist and trader says that you can Ethereum The rival is about to break out and a little-known altcoin is positioning itself for a rally.
The pseudonymous crypto analyst Smart Contracter tells his 198,400 Twitter followers that he Solana (SOL) keeps an eye on one Blockchainthat is designed to be scalable while remaining secure and decentralized.

According to the analyst, Solana appears poised to break out of an ascending triangle pattern and rally against it Bitcoin (SOL / BTC).

“SOL / BTC on the weekly looks like it’s gagging after a breakout and new high. Four touches of the upper level.

It can only last that long before it breaks. “
Source: Smart Contracter / Twitter
The crypto strategist relies on Elliott Wave Theory, a technical analysis approach that predicts future price movements by following the psychology of market participants, which tends to manifest itself in waves.

Based on the trader’s chart, SOL / BTC is currently in the early innings of its wave-five rally that could push the pair as high as 0.0068 BTC ($ 338.84). With the pair’s current price at 0.0038 BTC ($ 189.35), a move towards the target of smart contracters means a potential upside of nearly 80%.

Other coin On the merchant list is Synapse (SYN), a cross-chain protocol that allows users to transfer and exchange crypto assets between Layer 1 and Layer 2 ecosystems. According to the smart contracter, he sees Synapse massively outperform Ethereum (SYN / ETH) in the coming weeks.

“When all of the Layer 1s compete against each other, accumulating something that connects them all feels like a game of picks and shovels to me.

SYN The chart looks fantastic compared to ETH here on the week and allows you to switch to almost every single chain from any chain. “
Ethereum Challenger prepares for giant breakout as an altcoin prepares for the rally under the radar, according to a popular crypto analyst, Crypto Trading NewsSource: Smart Contracter / Twitter
At the time of writing, SYN is trading hands at $ 2.94, up over 13% over the past 24 hours.
Check price promotion

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Source: Crypto News Deutsch

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