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Home»ALTCOIN NEWS»Top analyst updates outlook on Solana, saying small-cap altcoin is poised to rise more than 478% in three months
ALTCOIN NEWS

Top analyst updates outlook on Solana, saying small-cap altcoin is poised to rise more than 478% in three months

By Crypto FlexsJanuary 27, 20242 Mins Read
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Top analyst updates outlook on Solana, saying small-cap altcoin is poised to rise more than 478% in three months
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One closely watched analyst believes a low-cost altcoin, which has risen nearly six-fold in the past three months, is poised for a big rally.

pseudonym analyst Bluntz says 238,000 followers on social media platform

Bluntz shares a chart that suggests MOVR has completed an ABC corrective wave and is poised to rise close to $40.

“I still love MOVR.

This setup is one of my favorites with price ranges and high and low swings on both sides.

This will send my opinion.”

source: Blunts/X

Bluntz uses Elliott Wave theory, a technical analysis approach that attempts to predict future price movements by following herd psychology, which generally tends to appear in waves. The theory is that bullish assets tend to witness an ABC corrective wave before triggering the next surge.

MOVR is trading at $23.31 at the time of this writing, up about 478% from its low of $4.03 on October 27 of last year.

Bluntz is also watching the price movement of layer 1 blockchains Solana (SOL) and Sei (SEI). The analyst says SOL and SEI are his top layer 1 picks because both altcoins “look great.”

At the time of writing, Solana is trading at $93.26 and Sei is trading at $0.662.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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