Solana Has More Room to Run, Says Crypto Analyst
A popular crypto analyst believes that Solana (SOL), a smart contract platform, still has potential for further gains. The analyst, known as Bluntz, predicts that Solana could see double-digit growth in the coming days. Bluntz points out a bullish setup for Solana when compared to Bitcoin. Applying the Elliott Wave theory in his analysis, Bluntz suggests that the SOL/BTC pair has completed a bearish five-subwave pattern and is on the verge of a move that could result in a gain of over 41%.
Bitcoin Shows Bullish Signs
Bluntz also expresses optimism about Bitcoin, stating that it appears to be going parabolic and exhibits the characteristics of a wave-3 underway. He believes that Bitcoin could reach around $90,000 once a five-wave pattern is completed. Additionally, Bluntz notes that Bitcoin has a bullish narrative regardless of macroeconomic events, making it an attractive investment option.
Hot Take: Solana and Bitcoin Poised for Further Growth
According to crypto analyst Bluntz, both Solana and Bitcoin are showing signs of potential growth. Solana’s bullish setup against Bitcoin suggests a possible gain of over 41%. Meanwhile, Bitcoin’s parabolic movement and wave-3 characteristics indicate the potential for reaching $90,000. These positive indicators make both cryptocurrencies appealing options for investors looking to capitalize on their upward momentum.
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