If Chris Burniske, a crypto analyst, is right, Solana could go to a collision with a stage supplied by the same. According to Burniske, Sol could reach $ 420, which would be in accordance with its previous cycle high in the pair soil / BTC if Bitcoin reaches a cycle of $ 142,069, an odd number with Memetic connotations.
Popular jokes online on various historical events that do not actually occur implies numbers 69, 42 and 420. However, what is the probability that this meme prophecy will be achieved? In terms of price action, Solana has gradually increased since its local background at the end of April. The EMA 200 level, or $ 151, is the resistance it tested, and it was difficult to move over.
The declining volume trend is a warning sign. Even with a solid structure, Sol needs real demand to succeed. The macro tail needles could push soil in the higher $ 300, perhaps even as $ 420 approaches if Bitcoin is capable of switching to six figures, which would be more than a 50% increase compared to its current level.
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The Sol / BTC ratio must return to its previous heights, Bitcoin must resume parabolic impulse and Solana itself must avoid structural reverses such as breakdowns or regulatory repressions. All of this depends on a number of factors that line up. Although ambitious, they are not impossible. Short -term perspectives are still not clear from a technical point of view.
The trend is still in place, but Sol must make a strong movement to unravel the resistance levels of $ 151 and $ 161 in order to start gaining ground on targets like $ 200, not to mention $ 420. The RSI for floor is not too extensive. In summary, Burniske's simulation thesis combines cyclic analysis and the culture of memes, and although numbers seem scrambled, mathematics add up – in the right circumstances. The objective is not a fantasy if the market enters a real euphoric phase. At best, it's speculative until then.
