Solana

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 <p>A closely followed analyst believes that one low-cap altcoin that has rallied by nearly 6x in the last three months is due for a big leg up.</p>
 <p>Pseudonymous analyst Bluntz tells his 238,000 followers on the social media platform X that he’s keeping an eye on Moonriver (MOVR), an Ethereum (ETH)-compatible parachain built on Kusama (KSM)</p>
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 <p>Bluntz shares a chart that suggests MOVR has completed an ABC corrective wave and is primed to rally close to $40.</p>
 <p><i>“Still like MOVR.</i></p>
 <p><i>These setups are some of my all-time favorite, when price ranges and both the high and then low get taken shaking out both sides.</i></p>
 <p><i>This is going to send in my opinion.”<br> </i></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GEn8pg-agAAq7xn?format=jpg&amp;name=large" alt="Image" width="1448" height="845">
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   Source: Bluntz/X
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 <p>Bluntz commonly uses the Elliott Wave theory, a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset tends to witness an ABC corrective wave before igniting the next surge.</p>
 <p>MOVR is trading at $23.31 at time of writing, up around 478% from the low of $4.03 reached on October 27th last year.</p>
 <p>Bluntz is also watching the price action of layer-1 blockchains Solana (SOL) and Sei (SEI). The analyst says that SOL and SEI are his top layer-1 picks as both altcoins “look spectacular.”</p>
 <p>Solana is trading at $93.26 at time of writing while Sei is worth $0.662.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-says-low-cap-altcoin-that-s-up-478-in-three-months-primed-to-go-higher-updates-outlook-on-solana-tbt77939.html">https://thebittimes.com/top-analyst-says-low-cap-altcoin-that-s-up-478-in-three-months-primed-to-go-higher-updates-outlook-on-solana-tbt77939.html</a></p>

Top Analyst Says Low-Cap Altcoin That’s Up 478%+ in Three Months Primed To Go Higher, Updates Outlook on Solana

TheBitTimes

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