Solana

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 <p>A closely followed analyst is predicting an imminent massive breakout for Ethereum (ETH) competitor Solana (SOL).</p>
 <p>Pseudonymous analyst Bluntz tells his 256,800 followers on the social media platform X that SOL appears to be printing a bullish pattern on the four-hour chart, setting higher lows.</p>
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 <p><em>“SOL gearing up for a violent breakout here in my opinion.”</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/GLzZKx_bgAA6sTC?format=jpg&amp;name=medium" alt="Image" width="1200" height="909">
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   Source: Bluntz/X
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 <p>The trader also uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after a three-part ABC correction. Looking at his chart, the trader suggests SOL completed the ABC correction after a retest of the $120 level.</p>
 <p>Solana is trading for $159 at time of writing, up more than 3% in the last 24 hours.</p>
 <p>Next up, the analyst says that Pepe (PEPE) seems to be in a bullish uptrend after bouncing off a key Fibonacci level at $0.000004454. He also believes that Pepe’s chart is the most bullish compared to other top memecoins.</p>
 <p><em>“Of all the major memecoins, Pepe looks the best in my opinion. [Pepe] has already cleared and reclaimed the (a) wave lows after turbo V reversing from the major 0.618 [Fibonacci level].”</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/GL0MkmfagAAAzf8?format=jpg&amp;name=medium" alt="Image" width="935" height="1157">
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   Source: Bluntz/X
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 <p>Looking at his chart, the analyst suggests Pepe could soar past the $0.000013 level.</p>
 <p>Pepe is trading for $0.000007721 at time of writing, up more than 14% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-predicts-violent-breakout-for-solana-says-one-crypto-asset-looks-like-best-memecoin-tbt86372.html">https://thebittimes.com/top-trader-predicts-violent-breakout-for-solana-says-one-crypto-asset-looks-like-best-memecoin-tbt86372.html</a></p>

Top Trader Predicts ‘Violent Breakout’ for Solana, Says One Crypto Asset Looks Like Best Memecoin

TheBitTimes

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