The analysts who have won the master trader in Crypto Exchange BYBIT thinks that it looks good after Solana (SOL) has recovered its major support.
A clear analyst, Bluntz, tells only to restore the price level by saying that Solana is flashing a swing failure pattern (SFP) on a four -hour chart after Solana lost support for $ 160 at the end of May.
SFP is generally considered a reversal pattern, and in the case of Solana, the lack of price is indicated that it can potentially change market emotions because it does not maintain a downward momentum.
Bluntz says.
“I like to like the reaction of SOL after catching the lowest. Now I start again, but in the early stages, it’s very promising in my opinion. This is time.”
At the time of writing, SOL is traded at $ 160.33, slightly higher than the main support level of the trader.
Analysts are also optimistic about AI16Z (AI16Z), a encryption project that focuses on artificial intelligence (AI). According to Bluntz, Altcoin appears to have completed ABC correction on a daily chart, suggesting that coins have printed durable floors.
Bluntz practices Elliott Wave theory, stating that assets have been primed to ignite the rally after completing the ABC modification.
“AI16Z in the ALT scan this morning has the most impulsive five -wave increase of the most textbooks in the high period since April, and now a very clean and clear three -wave ABC has returned to 0.618.
I do not get more textbooks than this. I think this is the main floor of this. ”
At the time of writing, the value of AI16Z is $ 0.25.
The last coin of the merchant’s radar is GIGACHAD (GIGA), a meme built on Solana blockchain. Bluntz appears to have followed the footsteps of GIGA’s fellow Memecoin SPX6900 (SPX), which has risen about 360% in March.
“GIGA looks pretty good and many similarities.
Love or hate it. Murad coin looks spicy. ”
At the time of writing, GIGA is worth $ 0.23.
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Created image: Midjourney