Solana Poised for Double-Digit Rally, Says Top Crypto Trader
A well-known cryptocurrency analyst and trader, known as Bluntz, is bullish on Solana (SOL), a competitor to Ethereum (ETH). Bluntz predicts that Solana could experience a surge of over 39% from its current value.
Bluntz follows the Elliott Wave theory, which analyzes price action in waves to predict future movements. According to his analysis, Solana is currently in an ABC corrective move and is expected to start a new five-wave surge soon.
At the time of writing, Solana is trading at $100.62, up nearly 4% in the last 24 hours.
Dogwifhat and Maverick Protocol Also Show Positive Signs
In addition to Solana, Bluntz also suggests that meme coin dogwifhat (WIF) and decentralized exchange project Maverick Protocol (MAV) are showing positive signs.
Bluntz believes that WIF is set for a breakout after consolidating around the $0.33 level, while MAV has experienced a massive rally after breaking out of an ascending channel.
Currently, WIF is trading at $0.42, up over 59% in the last 24 hours, while MAV is trading at $0.67, up more than 2% in the same period.
Hot Take: Solana’s Potential and Bullish Market Sentiment
According to top crypto trader Bluntz, Solana is gearing up for a double-digit rally. Bluntz’s analysis using the Elliott Wave theory suggests that Solana has completed its ABC corrective move and is ready for a new five-wave surge. This bullish sentiment aligns with Solana’s recent price increase of nearly 4% in the last 24 hours. Additionally, Bluntz highlights positive signs for meme coin dogwifhat and decentralized exchange project Maverick Protocol, indicating potential breakout and rally opportunities. These predictions contribute to the overall optimistic market sentiment surrounding Solana and other cryptocurrencies.
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