Solana

Lido DAO

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 A crypto trader who accurately called Bitcoin’s (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100.
 Pseudonymous analyst Bluntz tells his 226,000 followers on the social media platform X that the Ethereum (ETH) competitor Solana will likely increase by more than 218% from its current value after a long accumulation phase.
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 “These high timeframe accumulation breaks after 90% drawdowns are the things dreams are made of. No high time frame resistance in my opinion until $137 on SOL.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-RpXmGa0AAAUSp?format=jpg&amp;name=large" alt="Image" width="1968" height="1324">
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 Source: Bluntz/X
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 He also says that Solana is showing bullish momentum after breaking out of a downward channel.
 “SOL baby let’s go. LTF (low time frame) accumulation and channel breakout.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-STX8FbYAAFPg8?format=jpg&amp;name=large" alt="Image" width="1957" height="879">
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 Source: Bluntz/X
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 Solana is trading for $42.95 at time of writing.
 The trader also&nbsp;weighs in on the liquid-staking service provider Lido DAO (LDO). According to Bluntz, the LDO against Bitcoin (LDO/BTC) pair may have already carved a cycle low.
 “LDO/BTC from inception. Trying to keep a level head about it and not get carried away, but good chance this is a cycle bottom against BTC.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-EFqNBawAACk-R?format=jpg&amp;name=large" alt="Image" width="436" height="720">
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 Source: Bluntz/X
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 Looking at LDO versus the US dollar (LDO/USD), Bluntz says that the pair is flashing a bullish setup on the four-hour chart.
 “LDO consolidating above the prior high, gearing up for the next markup in my opinion. I really like this setup. LDO/BTC ended up closing the week as a very nice engulfing as well.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-RhXa0aYAARLvp?format=jpg&amp;name=large" alt="Image" width="1968" height="1351">
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 Source: Bluntz/X
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 LDO/BTC is trading for 0.0000555 BTC ($1.97) at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-says-no-resistance-for-solana-until-well-above-100-unveils-forecast-for-one-ethereum-based-altcoin-tbt69470.html">https://thebittimes.com/top-trader-says-no-resistance-for-solana-until-well-above-100-unveils-forecast-for-one-ethereum-based-altcoin-tbt69470.html</a>

Top Trader Says No Resistance for Solana Until Well Above $100, Unveils Forecast for One Ethereum-Based Altcoin

TheBitTimes

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