A crypto analyst who correctly predicted Bitcoin’s price base during the 2018 bear market says Solana is poised for a steep move to the upside. In addition, the analyst names 2 altcoins for which he expects a strong rise.
Mind-blowing parabolic movement is coming for this altcoin!
cryptokoin.comAs you follow from , the market is gaining momentum again after yesterday’s sharp decline. In the upward movement, Solana attracts attention again. Meanwhile, a popular analyst nicknamed Bluntz says that Solana has formed a bullish reversal pattern on the one-hour chart. According to the analyst, SOL needs to consolidate a bit before starting a parabolic rally. In this context, the analyst makes the following statement for the altcoin:
A nice round bottom is forming on the LEFT. It wouldn’t be surprising to see sideways movements on the higher time frame before the next mind-blowing parabola leg.
Solana is currently trading well above the formation support. Bluntz predicts an imminent rally for the fifth-largest altcoin by market cap. “I expect a nice move in SOL from the lowest levels ever,” the analyst said. New heights will come soon.” says. Meanwhile, at the time of writing, SOL was trading at $103.5, up 4.8% on a daily basis. After yesterday’s decline, SOL entered the green zone with 3.7% on its weekly chart.
This altcoin will be one of the fastest horses of the cycle!
The seasoned analyst is looking at the new layer-1 Blockchain Sei (SEI) after Solana. According to Bluntz, SEI is shaping up to be one of the fastest horses of this cycle after launching a rally of nearly 400% in just a few months. In this regard, the analyst makes the following comment:
SEI is quickly turning into the best performing company of this cycle. I think it should definitely be on everyone’s radar for pullbacks in 2024.
Meanwhile, at the time of writing, SEI was changing hands at $0.7991, losing 5.3% on a daily basis. However, the altcoin saw a significant increase of 67% on its weekly chart. Moreover, it is up nearly 200% since the beginning of December.
Bluntz: LDO is ready for a breakout!
Another altcoin on the analyst’s radar is Lido DAO (LDO), a crypto project that aims to allow users to stake Ethereum (ETH) without locking up assets or maintaining infrastructure. According to the analyst, LDO gives a bullish signal in Bitcoin parity (LDO/BTC). Moreover, the USD pair is poised for a breakout. In this regard, the analyst says the following:
I have a love/hate relationship with LDO. However, I think it is finally experiencing a breakout for price discovery. There is also a weekly upward deviation in the BTC parity.
Meanwhile, LDO was trading at $3.24 at the time of writing, down 0.45% on the day. The altcoin saw an increase of over 30% on its monthly chart.
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