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Analyst Who Nailed Bitcoin 2018 Bottom Predicts Rallies for Solana and One SOL Competitor – Here’s His Outlook

n70products by n70products
February 12, 2024
in Altcoin
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Analyst Who Nailed Bitcoin 2018 Bottom Predicts Rallies for Solana and One SOL Competitor – Here’s His Outlook
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A crypto strategist identified for calling Bitcoin’s (BTC) 2018 market backside thinks that Solana (SOL) seems ripe for a giant transfer to the upside.

Pseudonymous analyst Bluntz tells his 239,500 followers on the social media platform X that Solana seems to be within the midst of a wave-three rally.

The dealer shares a chart that means SOL may hit a worth stage final seen in January 2022 earlier than ending its five-wave surge.

“Trying like SOL is now additionally trying sturdy and in a wave three as much as $150 and past. Had extra bids at $90 that didn’t hit so didn’t find yourself getting crammed as a lot as I’d like, however nonetheless my largest spot bag.

Ship it.” 

Image
Supply: Bluntz/X

Bluntz practices the Elliott Wave principle, a complicated technical evaluation method that makes an attempt to foretell future worth motion by following crowd psychology that tends to manifest in waves. In response to the speculation, a bullish asset witnesses a five-wave rally with wave three being the strongest and the longest of all.

At time of writing, SOL is buying and selling at $108.48.

Bluntz can also be watching the worth motion of Solana competitor Sei (SEI). In response to the analyst, Sei seems to be within the last phases of its five-wave surge and will hit a brand new all-time excessive above $1.

“SEI has consolidated sufficient now for my part, nonetheless but to place within the macro fifth wave greater on day by day.

Psychological $1 zone subsequent cease, probably even greater.” 

Image
Supply: Bluntz/X

At time of writing, SEI is price $0.696.

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Featured Picture: Shutterstock/Artwork Furnace





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Tags: AnalystBitcoinBottomCompetitorHeresNailedOutlookPredictsRalliesSOLSolana
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