A popular cryptocurrency analyst claimed that Solana (SOL) and another large-cap altcoin will be the top performers in the next bull market. Here are the details…
SOL and LINK, which have an important place in the cryptocurrency market, have been on a remarkable rise especially recently. Bluntz offered a hopeful perspective for altcoin investors that this rise could continue.
Bluntz did. in the statement, stated that SOL and LINK stand out among the other “big boys” in the cryptocurrency market. He emphasized that the performance of these two altcoins is remarkable based on historical data. Based on his own experience, he claimed that cryptocurrencies that rally first, especially in bull markets, usually perform better:
“It seems that of all the ‘big boys’, SOL and LINK are the two standout performers right now from what I can see.
In my experience, those who rally early often go on to outperform the bull market.
Naturally, people feel like they’ve missed the boat and want to chase other coins, hoping they’re left behind. I’ve done this myself from time to time, but it’s usually worth remembering that there’s no ‘next LINK’ or ‘next LEFT’.
The next LINK and LEFT will continue to be LINK and LEFT (I think).”
The crypto trader also examined the performance of leading altcoin Ethereum (ETH) against Bitcoin (BTC). Based on various indicators, the analyst predicts that ETH/BTC may be at the beginning of an uptrend.
Bluntz says one factor supporting his prediction is the engulfing candle formation. A bullish engulfing candle is when a green candle covers the previous red candle at both the opening and closing prices. In other words, the next candle has swallowed the entire body of the previous candle. In other words, buyers are so willing that they have closed the gap.
“Not only did ETH manage to close the week with an engulfing candle, but it also experienced a confirmed weekly bull divergence.
Combine this with the first test of the weekly 200 MA (moving average) in ETH/BTC and I think it’s poised for a pretty nice rally.
“After months of sideways movement, it’s a very welcome change that finally feels like it’s over.”
The analyst’s bullish ETH/BTC chart reveals that the leading altcoin will likely outperform Bitcoin.
You can follow the current price movement here.