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Home»ALTCOIN NEWS»Top cryptocurrency trader and Ethereum challenger Solana says it is poised for a double-digit rally. His goals are:
ALTCOIN NEWS

Top cryptocurrency trader and Ethereum challenger Solana says it is poised for a double-digit rally. His goals are:

By Crypto FlexsJanuary 18, 20243 Mins Read
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Top cryptocurrency trader and Ethereum challenger Solana says it is poised for a double-digit rally.  His goals are:
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A widely respected cryptocurrency analyst and trader is expressing bullish sentiments about Ethereum (ETH) rival Solana (SOL).

Analyst known by the pseudonym Bluntz says According to 237,000 followers on social media platform

“I think SOL could earn up to $140+. This downtrend has been tested too many times to be considered bearish at the moment, and the clear three-wave movement down from the highs cannot be ignored. “I think this is based on the past two weeks of activity, so please send it to me.”

Source: Bluntz/X

Bluntz practices Elliott Wave theory, a technical analysis approach that attempts to predict future price movements that tend to appear in waves. The theory is that bullish assets go through a five-wave advance followed by an ABC corrective move before starting the next advance.

Looking at the trader’s chart, it appears that he is predicting that Solana will ignite a new 5-wave surge after completing the ABC correction.

Solana is trading at $100.62 at the time of this writing, up almost 4% in the last 24 hours.

Next is the merchant Called memecoin dogwifhat (WIF) is set for a breakout after a period of price consolidation around $0.33.

“This is a very healthy consolidation range, below WIF’s previous ATH (all-time high). “Once we get out of this range, you better believe there will be full transmission.”

video
Source: Bluntz/X

As of this writing, WIF is trading at $0.42, up more than 59% in the last 24 hours.

merchant island Believe The decentralized exchange (DEX) project Maverick Protocol (MAV) is undergoing a massive rally after breaking out of the rising channel.

“Now that is a monster daily MAV breakout. “We have entered a parabolic phase.”

video
Source: Bluntz/X

MAV is trading at $0.67 at the time of this writing and is up more than 2% in the last 24 hours.

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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.

Image created: DALLE3

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