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Title: Solana’s Breakout? Henrik Zeberg Makes Latest Call on SOL Price
Solana’s recent price action has been nothing short of remarkable, with the cryptocurrency surging by over 50% in just a few days. The sudden breakout has raised eyebrows across the cryptocurrency community, and one prominent figure is now weighing in on the matter.
Henrik Zeberg, a well-known cryptocurrency analyst and influencer, has issued his latest call on Solana’s price. In a recent tweet, he emphasized that Solana’s fundamentals are favorable for a move higher. If SOL takes off, he suggests that JUP and WIF could also gain traction.
Zeberg’s comments come as the blockchain-based platform continues to show strong growth in various metrics, including network activity and user adoption. The 6-12 month cohort now holds 27% of the supply, indicating a significant increase in long-term holder conviction. Meanwhile, the 1-2 year cohort has steadily declined from 48% in June to just below 5%. This trend suggests that those who profited heavily during this year’s surge have largely sold their holdings.
What does this mean for SOL’s future? Zeberg’s analysis highlights the potential for continued upward momentum. His insights also hint at the possibility of JUP and WIF following suit, should Solana maintain its current trajectory.
It’s worth noting that Glassnode has recently tweeted about the growing conviction among Solana investors. According to their data, long-term holders are holding firm, indicating a strong sentiment shift towards higher prices.
Will Henrik Zeberg’s prediction come true? Only time will tell.
Source: u.today
