#Solana

trade Sol now .. strong bullish trend ❤❤❤❤$SOL

𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 $270 𝙎𝙤𝙡𝙖𝙣𝙖 𝙋𝙧𝙞𝙘𝙚 𝙖𝙨 𝘿𝙀𝙓 𝙑𝙤𝙡𝙪𝙢𝙚𝙨 𝙎𝙤𝙖𝙧 𝘿𝙚𝙨𝙥𝙞𝙩𝙚 𝙒𝙝𝙖𝙡𝙚 𝙎𝙚𝙡𝙡𝙞𝙣𝙜

Solana (SOL) has taken a backseat since Ethereum started making headlines. Today, August 12, the Solana price trades at $178 with a 0.3% drop. Meanwhile, DEX volumes are rising, but whales are not convinced. Instead, they are selling in what appears to be a rush.

The Elliot wave pattern is showing a lot of bullish bias for the SOL price. This is usually deemed to be a bullish pattern, and when it establishes a target, that price is often reached. In this case, there is a chance that Solana might rise.

Analyst TheChartArtist places the target at $270. This will mark the last point where SOL is going to reach per this pattern. He also looks at what has happened in the past, noting that so far, Solana has attained every target of the Elliott wave.

However, there is only one way that the Solana price can rise. This is if it can create a higher high. The analyst puts this at $194. It is at this point that the possibility of gains is going to increase, and once that happens, getting to $270 will no longer be a pipe dream.

Solana whales are not sharing the same optimism as analyst TheChartArtist. Three of these addresses have dumped SOL.

Whales are more informed than retail when it comes to getting the right time to buy or sell. Therefore, if they are not selling now, it shows they do not believe that gains are happening in the near future.

However, there is only one way that the Solana price can rise. This is if it can create a higher high. The analyst puts this at $194. It is at this point that the possibility of gains is going to increase, and once that happens, getting to $270 will no longer be a pipe dream.