Analyst Predicts Solana Could Rally 47% as Ethereum Rival Gears Up
Cryptocurrency trader Bluntz Capital predicts that Solana (SOL), a leading Ethereum rival, is poised for a significant rally. Bluntz, known for his technical analysis using the Elliott Wave theory, suggests that SOL could increase by nearly 47% from its current value. Despite a recent 35% liquidation dump, SOL has maintained its strong uptrend, making it a compelling investment opportunity in the current bull market.
Sei Network Expected to Reach $1 Level After Three-Wave Correction
Bluntz Capital also turns his attention to Sei Network (SEI), a newer layer-1 blockchain project. According to Bluntz, SEI could soon reach the significant $1 level after completing a three-wave correction. Despite its recent parabolic rise, SEI has consistently experienced three-wave downward moves, indicating strong upward momentum and a predetermined path towards the $1 milestone.
Lido DAO Primed for Breakout, Making Gains Against Bitcoin
Lido DAO (LDO), a crypto project aiming to simplify Ethereum staking, is on the verge of a breakout, according to Bluntz Capital. LDO has faced its fair share of challenges, but Bluntz believes it is finally ready for a price discovery breakout. Additionally, LDO shows weekly bullish divergence against Bitcoin (BTC), indicating further potential gains. With key resistance at $3.17, LDO is positioned to break through and potentially reach a value of 0.000140 BTC ($6.16).
Technical Analysis Suggests Solana Crossing $145 Level
Bluntz Capital’s technical analysis reveals that Solana is on a trajectory to surpass the $145 price level. Utilizing the Elliott Wave theory, Bluntz identifies a five-wave pattern to the upside, indicating a bullish trend for SOL. Currently trading at $98.70, SOL has experienced a minor dip of nearly 7% in the last 24 hours. However, this temporary setback is expected to be followed by a significant rally towards new highs.
New Highs in Sight: Crypto Trader’s Bullish Forecasts for Altcoins
Bluntz Capital’s bullish predictions extend beyond Solana, Sei Network, and Lido DAO. The trader’s technical analysis and market insights highlight the potential for altcoins to achieve new record highs. With a keen eye for patterns and trends, Bluntz Capital provides valuable insights for investors looking to capitalize on the ongoing cryptocurrency bull run.
Analyst comment
1. Positive news: Analyst predicts Solana could rally 47% as Ethereum rival gears up. The market is expected to experience a significant increase in value as Solana continues its strong uptrend, making it a compelling investment opportunity in the current bull market.
2. Positive news: Sei Network expected to reach $1 level after three-wave correction. The market is likely to see a rise in Sei Network’s value as it shows strong upward momentum and a predetermined path towards the $1 milestone.
3. Positive news: Lido DAO primed for breakout, making gains against Bitcoin. The market is anticipated to witness a breakout and potential gains for Lido DAO, as it aims to simplify Ethereum staking and shows weekly bullish divergence against Bitcoin.
4. Positive news: Technical analysis suggests Solana crossing $145 level. The market is expected to see Solana surpassing the $145 price level, as it follows a bullish trend with a five-wave pattern to the upside.
5. Positive news: Crypto trader’s bullish forecasts for altcoins. The market is likely to experience new highs for altcoins, as the trader’s technical analysis and market insights highlight the potential for record-breaking performances in the ongoing cryptocurrency bull run.
