A Top Crypto Trader Believes Solana Still Has Upside Potential
A well-known trader who accurately predicted the bottom of Bitcoin’s bear market in 2018 is optimistic about Solana (SOL), despite its recent correction. The trader, known as Bluntz, took to social media to express his confidence in SOL’s recovery. He highlighted that Solana was the fastest large-cap coin to bounce back after dropping to a 24-hour low of $68.06.
Bluntz believes that the correction has cleared out overleveraged traders and set the stage for a bullish week ahead. He expects SOL to continue its upward trend and shared a chart showing a potential rally to $150.
As of now, SOL is trading at $70.31, suggesting a possible 100% upside if it reaches the trader’s target.
Hot Take: Solana Poised for Further Growth
A prominent crypto trader remains optimistic about Solana’s future despite its recent correction. The trader points out that Solana was the fastest large-cap coin to recover after hitting a 24-hour low, indicating its strength and resilience. The correction is seen as an opportunity to shake out overleveraged traders and pave the way for a bullish week ahead. The trader believes that SOL still has significant upside potential and shares a chart showing a potential rally to $150. With SOL currently trading at $70.31, there could be ample room for growth according to this analysis.
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