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Popular Crypto Trader Predicts New All-Time Highs for Solana and FTT, Says This Memecoin Is Breaking Out

A closely followed crypto trader is predicting new all-time highs for Ethereum competitor Solana (SOL) and exchange token FTT and says one meme coin is in the midst of a breakout.

The pseudonymous trader, known as Smart Contracter, tells his 158,800 followers that even though SOL has just reached a fresh all-time high, the blazing altcoin is possibly nowhere near finished.

 

According to the crypto strategist, a 130% gain for Solana from its current price of $65.15 isn’t unreasonable. Using Elliott Wave, which predicts price movements based on crowd psychology that tends to manifest in waves, Smart Contracter comes up with an estimate of a $150 price tag for Solana after five waves.

“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”

Source: Smart Contracter/Twitter

The trader also applies Elliott Wave theory to FTT, the reserve currency on crypto exchange FTX. According to him, FTT has completed four out of its five-wave uptrend. The crypto analyst now predicts that FTT is poised for one more spike to about $60.

“Wave four done on FTT in my opinion. Clean ABC, perfect wave equality with the prior wave two. Capitulation volume in the C leg down.

New highs from here.”

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Source: Smart Contracter/Twitter

Smart Contracter also says that the “meme economy is strong right now,” so he’s got his eye on Dogecoin and copycat Shiba-Inu (SHIB). Since DOGE is enjoying some strength in recent weeks, the trader says SHIB is likely to follow suit.

“There’s the SHIB breakout.”

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Source: Smart Contracter/Twitter



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