Traders who bottomed out the 2018 Bitcoin (BTC) bear market remain bullish on Solana (SOL) despite the previous day’s big correction move.
Alien analyst Bluntz told his 231,500 followers on social media platform
“Surprise, surprise.
Guess which top 10 (cryptocurrencies) recovered the fastest?
brush.”
According to a cryptocurrency strategist, the correction has rattled over-leveraged traders. putting SOL and the rest of the cryptocurrency market are positioned to end the week on a positive note.
“Open interest was completely wiped out and sold off early in the week after the weekly close. This was needed. I think we will end the week higher.”
Taking a closer look at SOL, traders believe the altcoin’s upward trend is not over yet. The trader shares a chart showing SOL rising to $150.
“It is legitimate to think that this segment for SOL from the low $51 price point will be the biggest expansion we have seen to date.
Don’t even get me started on how I’m looking at this from the bottom. You won’t believe me.
I think there’s still a lot of juice left in the tank.”
At the time of this writing, SOL is trading at $70.31, which indicates a roughly 100% upside potential if Solana reaches traders’ targets.
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Featured image: Shutterstock/Sergey Nivens