en.bitcoinsistemi.com
Veteran trader Darryl Wang announced that he has re-entered his Solana (SOL) positions.
In a post on his personal channel, Wang stated that he chose SOL as his key asset to focus on during the recent recovery, noting that SOL has shown the strongest relative performance among the three major cryptocurrencies.
Wang also highlighted that SOL has one of the “cleanest” chart patterns in terms of technical analysis, and argued that if the current trend continues and Bitcoin reaches $100,000 in the future, SOL has the potential to move towards $160, or even $200.
Wang noted in his assessment that price movements often precede narrative and logic, stating, “At this stage, I find SOL sufficiently ‘contrarian.’ Market participants struggle to find sufficient reasons to take long positions, and this is often the best entry point. By the time all the justifications become clear, the price has often already completed 50% of the move.”
On the other hand, Wang stated that the most critical factor in the short term is for Bitcoin to remain above the $90,000 level. Describing the current pullback as the first “shakeout” before a new upward wave, the trader noted that the market could regain upward momentum after this period.
*This is not investment advice.