Crypto analyst Henrik Zeberg has shared his optimistic analysis of Solana (SOL), which ranks fifth by market capitalization.
According to Zeberg, Solana has been in a consolidation phase after reaching new all-time highs (ATH) last month. The analyst noted that such consolidations are a normal and healthy process during major market peaks.
Solana is in the process of strengthening
Zeberg stated that Solana has gathered the momentum needed for an increase during this period and that this process indicates a strong rise for SOL in the long term. The analyst thinks that Solana is currently in a healthy resting period of the market and will recover and start rising again.
Zeberg made the following statement:
“Solana is still consolidating after breaking the ATHs. Such periods are normal as prices gather strength to push higher.”
New ATHs are on the way
The analyst predicts that Solana will emerge stronger from the current consolidation period and reach new all-time highs (ATH). Zeberg emphasized that he believes this rise will occur in the not-too-distant future:
“We should soon see SOL continue to rally towards new ATHs — reaching its ultimate target in the not too distant future.”
Stay tuned for new information.