Ethereum

Solana

Kusama

<div class="dailyhodl">
 <p>A trader who nailed Bitcoin’s (BTC) 2018 bear market bottom believes that one Ethereum (ETH) rival is poised for a big burst to the upside.</p>
 <p>Pseudonymous analyst Bluntz tells his 238,500 followers on the social media platform X that Solana (SOL) appears to have completed an ABC corrective wave.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>Bluntz says that he now expects Solana to start a new five-wave rally that could see SOL printing about 50% gains from current prices.</p>
 <p><em>“SOL reclaimed breakdown range, move up to $150+ now basically confirmed. Bears about to learn the true meaning of pain.”&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/GE4TfMgaEAA5VXq?format=jpg&amp;name=large" alt="Image" width="1438" height="1197">
  <figcaption class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>The analyst practices 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 often goes through an ABC correction before launching a five-wave move to the upside.</p>
 <p>At time of writing, SOL is trading for $97.24, up nearly 4% in the last 24 hours.</p>
 <p>The analyst is also keeping an eye on the native asset of Moonriver (MOVR), an Ethereum (ETH)-compatible parachain built on Kusama (KSM). According to Bluntz, MOVR looks bullish after completing an ABC corrective move.</p>
 <p><em>“MOVR looking amazing here, flying under the radar big-time.”</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/GE4SbvKaoAAE-XF?format=jpg&amp;name=large" alt="Image" width="1438" height="1195">
  <figcaption class="wp-caption-text">
   Source: Bluntz/X
  </figcaption>
 </figure>
 <p>Bluntz previously predicted that MOVR could rally to as high as $50.</p>
 <p>At time of writing, MOVR is worth $23.48, down 4.49% in the past day.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-crypto-strategist-predicts-over-50-rally-for-ethereum-rival-says-one-low-cap-altcoin-looks-amazing-tbt78166.html">https://thebittimes.com/top-crypto-strategist-predicts-over-50-rally-for-ethereum-rival-says-one-low-cap-altcoin-looks-amazing-tbt78166.html</a></p>

Top Crypto Strategist Predicts Over 50% Rally for Ethereum Rival, Says One Low-Cap Altcoin Looks Amazing

TheBitTimes

Other articles published on Jan 30, 2024

Hong Kong sets licensed crypto exchange insurance requirement to 50%

X Payments’ Licensing Progress in Nevada

Binance Adapts to Rising Counterparty Risk: Offers Custody with Swiss Banks

BNB NFT Trading Sales Jump +600%, After LockDeal NFT Collection Explode In Sales

Dogecoin On The Verge Of Breakout: Crypto Analyst Says Get Ready For DOGE To Pop

Bitwise Takes A Risk By Revealing The Bitcoin ETF Address

Join our free newsletter for daily crypto updates!