Economist Henrik Zeberg is turning bullish on one Ethereum ( ETH ) rival while predicting a broader altcoin market breakout. Zeberg tells his 171,400 followers on the social media platform X that Solana ( SOL ) may be about to surge after a retracement. The analyst uses the Elliott Wave theory to forecast a massive run for Solana. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up. “Altseason has begun and is now about to move into its most explosive phase. Solana has been leading after a strong wave two pullback. It should now begin its most powerful move up towards its final target.” Solana is trading at $196 at time of writing, down 5.5% in the last seven days. Zeberg also believes altcoins will now start outperforming Bitcoin ( BTC ) during this phase of the market cycle. “Wave three in alts now beginning. Hold on!” The analyst predicts Bitcoin will head higher in the short term as 2025 kicks off. “BTC update! Just touched down on daily 50-day simple moving average. Still see this as a potential wave two in a rising wedge. It is my working hypothesis. We should see a nice rally into early January!” Bitcoin is trading for $98,871 at time of writing, flat on the day. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Quardia The post Explosive Altcoin Season Incoming, Says Economist Henrik Zeberg, With Ethereum Rival Solana Headed for ‘Final Target’ appeared first on The Daily Hodl .
