Ethereum

Solana

Bitcoin

<div class="dailyhodl">
 <p>A top trader who nailed Bitcoin’s (BTC) 2018 bear market bottom believes that the floodgates will open for Solana (SOL) once it takes out the resistance of its multi-month accumulation range.</p>
 <p>Pseudonymous analyst Bluntz tells his 225,200 followers on the social media platform X that Solana looks poised for a breakout against Bitcoin (SOL/BTC) and the US dollar.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
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 <p><em>“Very impressed with SOL price action this week.</em></p>
 <p><em>Today’s price action is most likely a breakout on the BTC pair and [it’s] looking like a whole year of accumulation on not just USD but SOL/BTC is close to coming to an end.</em></p>
 <p><em>Once it breaks $32, the floodgates get unleashed. That is still 20% higher but looking very promising in terms of high time frame structure.”&nbsp;</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F86TqQdaAAAxKQC?format=jpg&amp;name=large" alt="Image" width="833" height="906">
  <figcaption class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>Looking at the trader’s chart, he seems bullish on SOL/BTC after the pair printed higher-low structures while moving above a diagonal resistance. At time of writing, Solana is worth $29.44 and SOL/BTC is trading at 0.00098 BTC.</p>
 <p>Bluntz is also bullish on Ethereum (ETH). According to the analyst, Ethereum may be setting up for a rally after respecting support at $1,550 and printing a bullish higher-low setup.</p>
 <p><em>“ETH/BTC has been absolutely demolished lately but ETH/USD is not only well and truly back in the range it broke down from but has also put in a higher low in the process.”&nbsp;</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F83_R_waUAA6Kan?format=jpg&amp;name=large" alt="Image" width="1974" height="583">
  <figcaption class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>At time of writing, Ethereum is worth $1,632.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/floodgates-will-open-for-solana-once-sol-takes-out-this-level-says-top-crypto-trader-tbt67324.html">https://thebittimes.com/floodgates-will-open-for-solana-once-sol-takes-out-this-level-says-top-crypto-trader-tbt67324.html</a></p>

Floodgates Will Open for Solana Once SOL Takes Out This Level, Says Top Crypto Trader

TheBitTimes

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