Bitcoin Bluntz, who correctly predicted the course of the price in 2018, said that Solana and its rival altcoin were preparing for a significant rise. stated.
Bluntz stated that the Solana price could return to the price level it reached in January 2022 before completing its five-wave course. This means the price could move towards $150 and above.
Bluntz uses Elliott Wave theory, an advanced technical analysis approach that attempts to predict future price movements by following crowd psychology, which tends to manifest in waves. According to theory, a bullish asset witnesses a five-wave rally, with the third wave being the strongest and longest.
At press time, Solana was trading at $108.48.
Bluntz is also an opponent of the SOL SEI He stated that he was monitoring price movements closely. According to the analyst, Sei appears to be in the final stages of its five-wave rally and is poised to reach a new all-time high above $1.
According to the analyst, the next target level is $1, which also represents a psychological level.
