Compass Investments

“inevitable

” and outlines the way forward for Solana.

– The analyst relies on the Elliott Wave Theory. The Elliott Wave Theory states that bullish assets tend to rise in five waves after the completion of the ABC correction.

Since WIF fell to $1.11 this week, Mr. Brands believes that the ABC correction in WIF is over and that MenCoin is ready for a major rally.

In my opinion, it is safest to wait for a return to the USD 1.60 level based on the daily close.

At the time of writing, WIF was trading at USD 1.68, up 6% in the last 24 hours.

Analysts are also saying that the Solana smart contracts platform (SOL) may have just witnessed a Swing Failure Pattern (SFP) after bouncing off USD 110.

The three-day SFP is likely to develop into a weekly SFP. I like to see that.

He also says that SOL may have completed a corrective ABC wave, and the market correction is likely over.