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Prominent crypto analyst and trader, Bluntz, expects the price of Solana (SOL), a top-10 altcoin, to double amidst the current upswing in the overall cryptocurrency market.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-bluntz-points-to-solana-sol-with-i-rarely-say-such-things-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Bluntz Points to Solana (SOL) with “I Rarely Say Such Things”&nbsp;</h2> 
Bluntz, a widely followed crypto analyst and trader, remarked that he’s favorably observing Solana, often touted as a strong contender to Ethereum (<a href="https://en.coin-turk.com/alarm-for-ethereum-price-pay-attention-to-these-4-critical-levels-in-the-expected-eth-dip/" data-wpel-link="internal">ETH</a>), following its completion of the Elliott Wave Theory’s three-wave correction model and a robust bounce from a solid support level. According to the Elliott Wave Theory, an asset’s primary price trend occurs in a five-wave model, and the price correction occurs in a three-wave model.&nbsp; 
Speaking about SOL, Bluntz stated, “One of the altcoins I like here is SOL. It had a strong reaction from a robust support level and has completed a clean three-wave downward move on higher time frames. I believe it has a potential upside of 100%, and I rarely say such things.”&nbsp; 
<img decoding="async" loading="lazy" class="aligncenter wp-image-85721 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/sol-4.png" alt="" width="1376" height="1270" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/sol-4.png 1376w, https://en.coin-turk.com/wp-content/uploads/2023/06/sol-4-184x170.png 184w, https://en.coin-turk.com/wp-content/uploads/2023/06/sol-4-768x709.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/sol-4-1200x1108.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/sol-4-112x103.png 112w" sizes="(max-width: 1376px) 100vw, 1376px"> 
At the time of this report, SOL has seen a 3.60% increase in the last 24 hours, trading at $17.35. According to the analyst, SOL will reach its short-term peak with a rise surpassing $32 from its current price levels.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-bitcoin-s-daily-chart-signals-uptrend-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">“Bitcoin’s Daily Chart Signals Uptrend”&nbsp;</h2> 
After examining Solana, Bluntz turns his attention to <a href="https://en.coin-turk.com/bitcoin-holds-above-critical-threshold-the-latest-on-cryptocurrency-markets/" data-wpel-link="internal">Bitcoin</a> (BTC), stating that the daily price chart of the largest asset in the crypto market signals an uptrend. He noted, “There has been a nice break of the falling trend/bull flag formation in BTC’s daily price chart. I think it’s time to start taking risks again.”&nbsp; 
Typically, a bull flag formation indicates a continuing upward trend following a price decrease. The leading cryptocurrency is currently trading at $30,214, having risen by 4.72% in the last 24 hours.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-analyst-predicts-solanas-price-could-double-amid-market-upswing/" data-wpel-link="internal">Crypto Analyst Predicts Solana’s Price Could Double Amid Market Upswing&nbsp;</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Analyst Predicts Solana’s Price Could Double Amid Market Upswing

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