A crypto analyst with a large following says leading altcoin rival Solana will outperform Ethereum and Bitcoin. The analyst states that SOL is now on the verge of another breakout.
“This altcoin is ready to rise against BTC and ETH!”
Crypto analyst nicknamed Bluntz, who makes accurate predictions, shared his latest predictions with his followers on the social media platform X. For the analyst’s accurate predictions cryptokoin.comCheck out this article by . Bluntz says SOL is one of the main “altcoin picks” and is poised to rise not only against USD but also against BTC (SOL/BTC) and ETH (SOL/ETH). In this context, the analyst makes the following statement:
SOL is still one of my favorite altcoin picks right now. The structure in the USD parity looks very unattractive. Additionally, there is the image that an extended third wave is in progress. Moreover, BTC and ETH parity still seem to be at the peak of their higher time frame accumulation breakouts.
By the way, it should be noted that Bluntz uses Elliot Wave Theory in his technical analysis. The theory aims to predict price impulses based on crowd psychology, which tend to manifest in waves. Based on its chart, the analyst says that the altcoin price is in the midst of a five-wave impulse to the upside. It also suggests that SOL could top out near the $47 range before making its next move. Bluntz also explains why he’s so focused on Solana. The analyst says he is confident that SOL will outperform BTC and ETH in the near future.
According to the analyst, Bitcoin will continue on its way!
The analyst, who also looked at Bitcoin after his altcoin predictions, says that the price movement has a more upward appearance. He also notes that a drop to $32,000 is unlikely at this point. The analyst notes that the technical picture shows this strongly. Bluntz predicts that BTC will make another upward impulse after consolidating within a bullish triangle formation. The analyst explains this prediction as follows:
I think BTC’s acceptance at these levels after breaking $ 32,000 strongly shows that it is quite bullish. I don’t think we will ever test $32,000 again. Too many people missed this move and want to test it again. However, I don’t think the market will give it to them. I predict this will likely end up as a triangle and break higher.
At the time of writing, Bitcoin was trading at $34,165, up 1.52% on a daily basis. Meanwhile, the leading cryptocurrency is sitting on a 13.5% gain on its weekly chart. In the monthly time frame, BTC saw a very satisfactory increase of over 26%.
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