Ethereum

Solana

Lido DAO

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 A crypto strategist who nailed the Bitcoin’s (BTC) price floor during the 2018 bear market thinks Solana (SOL) is gearing up for a steep move to the upside.
 Pseudonymous analyst Bluntz tells his 234,400 followers on the social media platform X that Solana appears to be forming a bullish reversal pattern on the one-hour chart.
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 According to the analyst, he expects SOL to consolidate for a bit before launching a parabolic rally.
 “Beautiful rounded bottom forming on SOL.
 Would not be surprised to see some high timeframe sideways on this before the next mind-blowing parabola leg.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCv8rB3bAAArQpl?format=jpg&amp;name=large" alt="Image" width="1443" height="716">
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 Source: Bluntz/X
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 With Solana now trading well above the pattern’s support, Bluntz predicts an imminent rally for the fifth-largest altcoin by market cap.
 “Nice move from the lows so far on SOL.
 New highs soon.”
 At time of writing, SOL is trading for $107.40.
 Next up, the trader is looking at the new layer-1 blockchain Sei (SEI). According to Bluntz, SEI is shaping up to be one of this cycle’s fastest horses after launching a nearly 400% rally in just a few months.
 “SEI is quickly turning into this cycle’s outperformer.
 Should definitely be on everyone’s radar for pullbacks in 2024, in my opinion.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCyPf5hbsAAeCdb?format=jpg&amp;name=medium" alt="Image" width="1102" height="772">
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 Source: Bluntz/X
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 At time of writing, SEI is worth $0.711, up about 200% since the start of December.
 Another altcoin on the trader’s radar is Lido DAO (LDO), a crypto project that aims to allow users to stake Ethereum (ETH) without locking assets or maintaining infrastructure.
 According to the analyst, LDO looks primed for a breakout on its US dollar pair while flashing a bullish reversal signal on its Bitcoin pair (LDO/BTC).
 “I have a love/hate relationship with LDO but I think it’s finally going for the price discovery breakout. There’s also weekly bullish divergence on the BTC pair.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCzjo0qbEAEAT1-?format=jpg&amp;name=large" alt="Image" width="1450" height="1183">
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 Source: Bluntz/X
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 At time of writing, LDO is worth $2.87.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-mind-blowing-parabolic-leg-for-solana-names-one-altcoin-that-could-outperform-other-coins-tbt75517.html">https://thebittimes.com/analyst-predicts-mind-blowing-parabolic-leg-for-solana-names-one-altcoin-that-could-outperform-other-coins-tbt75517.html</a>

Analyst Predicts ‘Mind-Blowing’ Parabolic Leg for Solana, Names One Altcoin That Could Outperform Other Coins

TheBitTimes

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