The post $830 Target For Solana? Analyst Says The Math Checks Out appeared on BitcoinEthereumNews.com.

Solana could be on track for a massive 323% rally this altcoin season, according to a new technical analysis by crypto strategist Quantum Ascend, who projects a potential peak around $830 based on market cap extensions and Elliott Wave structures. In a detailed July 22 breakdown, the analyst argues that most retail traders continue to overlook the impact of inflation and token supply dynamics—factors that significantly affect price projections. Solana To $1,000 Is Not Realistic Thus Cycle “Looking at the market cap chart, it’s up almost 216,000%, while the price chart is only up 18,000%. So what this tells us is, there’s some kind of inflationary pressure on the asset,” Quantum Ascend said. “You have to use the market cap chart in order to measure the price.” Using Elliott Wave Theory, the analyst identified Solana as currently operating within a macro third wave—arguably the strongest phase of a five-wave impulse sequence. According to his count, Solana completed its first and second macro waves during previous market cycles and is now accelerating through the early stages of wave three, a move that could culminate in a parabolic rally. “Right now, what we’re working on is this macro wave three,” he explained. “The bear market will be macro four, and then we’ll have another wave at some point well into the future.” To support this thesis, Quantum Ascend pulled Fibonacci extensions from Solana’s historical price structures. He pointed to confluence between the 2.618 extension of the most recent accumulation range and the 3.618 extension of a broader range, both of which intersect near a $300 billion market cap. However, he views this zone as a mid-cycle checkpoint rather than a terminal target. His conservative scenario puts Solana at a $620 price tag, representing a 217% move from current levels. But his primary…

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Filed under: News - @ July 22, 2025 3:29 pm