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.”
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.”
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.”
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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