Within the dynamic structure of the cryptocurrency market, many investors and analysts continue to follow market trends by creating their own strategies. In this context, Bluntz, one of the well-known and successful analysts in the market, made striking predictions about the altcoins on his radar.
The first altcoin that Bluntz points out is Solana (SOL). According to the analyst, a significant increase in the value of Solana against Bitcoin (SOL/BTC) is expected. When the SOL/BTC chart is examined, it is predicted that Solana will probably enter a strong uptrend against the USD. This means that Solana can further strengthen its leading position in the cryptocurrency market.
“Since the first post, it has rebounded sharply from the low in five waves and has now executed another ABC pattern. In my opinion, SOL/BTC is just about to go up. “I have no idea where the USD trading pair is heading in terms of levels, but I really think it will break out above $140.”
Solana is trading at $74 at the time of this writing and needs to gain 90% in value to reach its target of at least $140.
Another important prediction is about the AAVE token. AAVE has an impressive position in the decentralized finance (DeFi) space. Bluntz notes that AAVE’s future growth potential will attract investors’ attention.
“Monster three-day candle in AAVE. “In my opinion, there is plenty of fuel in the tank and I think a level below $200 should not be targeted.”
AAVE is trading at $108.13 at the time of writing and needs to rise 85% to reach the $200 target.
In addition to his altcoin predictions, Bluntz shared his changing predictions about Bitcoin and Ethereum (ETH). At first, Bluntz had questions about the rise of the two leading cryptocurrencies. His reservations for Bitcoin and Ethereum were related to the possibility of a pullback from the highs of the ascending channel. However, in his recent analysis, he overcame these reservations and revealed his bullish expectations for both crypto assets.
Technical analysis also focused Bluntz suggests that positive signals appear on Bitcoin and Ethereum charts. These signals could support the potential future rise of crypto assets.
At the time of writing, Bitcoin is trading at $42,238, while Ethereum is trading at $2,247.
An important point for investors is that although Bluntz’s optimistic views are noteworthy, they should make decisions based on their own risk tolerance and market analysis. Since the cryptocurrency market is a rapidly changing environment, it is also very important to rely on instant analysis and up-to-date data.
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