Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bullish-outlook-for-solana-and-highlights-sei-and-ldo-altcoins/" data-wpel-link="internal">Analyst Predicts Bullish Outlook for Solana and Highlights SEI and LDO Altcoins</a><br></p>
<p style="text-align: justify">The anonymous cryptocurrency analyst Bluntz, who previously predicted the bottom levels of <a href="https://en.coin-turk.com/7rcc-applies-for-a-bitcoin-and-carbon-credit-futures-etf/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/analyst-points-to-critical-price-levels-where-will-bitcoin-go-next/" data-wpel-link="internal">BTC</a>) during the 2018 bear market, has made a bold prediction for 2023’s trending altcoin, Solana (SOL). The analyst believes SOL is poised for a steep upward movement.</p> 
<h2 style="text-align: justify" id="strong-round-bottom-formation-suggests-uptrend-for-solana-s-sol-strong"><strong>Round Bottom Formation Suggests Uptrend for Solana’s SOL</strong></h2> 
<p style="text-align: justify">Anonymous cryptocurrency analyst Bluntz told his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X that Solana appears to be forming a bullish reversal pattern on the hourly chart. According to the analyst, SOL should consolidate a bit before starting a parabolic rally:</p> 
<blockquote> 
 <p>There is a nice round bottom formation in SOL. It wouldn’t be surprising to see some horizontal consolidation on a higher time frame before the next mind-blowing parabolic leg.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-297894" src="https://coin-turk.com/wp-content/uploads/2024/01/SOL-Altcoin.jpeg" alt="" width="1443" height="716"></p> 
<p style="text-align: justify">With Solana currently trading well above its formation support, Bluntz underlined his expectation for a short-term rally in the fifth-largest altcoin by market value, stating, “SOL has made a nice move from the lowest levels so far. It will soon move towards new highs.”</p> 
<h2 style="text-align: justify" id="strong-attention-drawn-to-sei-and-ldo-strong"><strong>Attention Drawn to SEI and LDO</strong></h2> 
<p style="text-align: justify">Following Solana, Bluntz turned his attention to the new Layer 1 Blockchain, Sei (SEI), which after rallying about 400% in just a few months, has emerged as one of the fastest runners of this cycle. He commented, “SEI is quickly becoming the best-performing asset of this cycle. It should definitely be on everyone’s radar for pullbacks in 2024.”</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-297893" src="https://coin-turk.com/wp-content/uploads/2024/01/SEI-Altcoin.jpeg" alt="" width="1102" height="772"></p> 
<p style="text-align: justify">The last altcoin on the investor’s radar is Lido DAO (LDO), a cryptocurrency project aiming to allow users to stake Ethereum (ETH) without locking up assets or maintaining infrastructure. According to the analyst, LDO is showing a bullish signal in Bitcoin trading parity (LDO/BTC) and looks ready for a significant breakout in US dollar trading parity:</p> 
<blockquote> 
 <p>I have a love/hate relationship with LDO, but I think it’s finally breaking out for price discovery. There’s also a weekly bullish breakout in BTC trading parity.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-297892" src="https://coin-turk.com/wp-content/uploads/2024/01/LDO-Altcoin.jpeg" alt="" width="1450" height="1183"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-bullish-outlook-for-solana-and-highlights-sei-and-ldo-altcoins/" data-wpel-link="internal">Analyst Predicts Bullish Outlook for Solana and Highlights SEI and LDO Altcoins</a></h5>

Analyst Predicts Bullish Outlook for Solana and Highlights SEI and LDO Altcoins

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