Ethereum

Rally

Solana

Bitcoin

Bluntz, a cryptocurrency analyst and trader known for predicting <a href="https://en.coin-turk.com/bitcoin-holds-above-26000-inspiring-hope-possible-rally-for-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s bottom price in 2018, has suggested that Ethereum’s biggest competitor, Solana, is preparing for a strong rally. The analyst shared his expectations for both ETH and <a href="https://en.coin-turk.com/cryptocurrency-investors-fear-these-and-sell-are-they-wrong/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>. 
<h2 style="text-align: justify;" id="strong-solana-could-experience-a-100-rally-strong">Solana Could Experience a $100 Rally</h2> 
Bluntz believes that Solana is on the verge of replicating Bitcoin’s strong rally earlier this year. According to his price chart, he expects the smart contract platform to reach a level close to $100 by October if it follows the scenario it has set: 
<blockquote> 
 To be honest, I plan to be a Solana maximalist for the next few months. <a href="https://en.coin-turk.com/crypto-market-resurgence-xrp-and-solanas-significant-moves/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> has made one of the cleanest upward channel breakouts I’ve seen since Bitcoin reached $18,000 in January. 
</blockquote> 
<img decoding="async" class="aligncenter size-full wp-image-238267" src="https://coin-turk.com/wp-content/uploads/2023/07/Altcoin-Solana-SOL.jpeg" alt="" width="1953" height="1729"> 
At the time of writing, SOL was trading at $26.26 with a 2.74% increase in the last 24 hours. The coin had suffered a heavy blow from the collapse of the FTX exchange, dropping to as low as $8 on December 29, 2022. 
Transitioning to Ethereum after analyzing Solana, Bluntz expects the leading altcoin to make a significant breakout rally against Bitcoin (ETH/BTC). He stated, “The wedge that has been holding ETH/BTC for about a year has been broken. The future looks magnificent. Regardless, I expect it to have already bottomed out and make a strong move above 0.07 BTC ($2,101). I don’t think enough investors will be ready for this and they will be caught unprepared.” 
<img decoding="async" class="aligncenter size-full wp-image-238268" src="https://coin-turk.com/wp-content/uploads/2023/07/Ethereum-Bitcoin-1.jpeg" alt="" width="1942" height="865"> 
The price chart shared by the analyst indicates that he predicts the ETH/BTC pair to rise as high as 0.112 BTC ($3,362). At the time of writing, the ETH/BTC pair was at 0.06337 BTC ($1,902). 
<h2 style="text-align: justify;" id="strong-two-bullish-scenarios-for-bitcoin-strong">Two Bullish Scenarios for Bitcoin</h2> 
After discussing ETH/BTC, Bluntz quickly evaluated Bitcoin and believes that the largest cryptocurrency will experience a bounce back after briefly dropping below $30,000: 
<blockquote> 
 The lower time frames on BTC are definitely promising. After testing the lower end of its higher time frame range, we are reclaiming the range that was broken on the lower time frame. The worst-case scenario is a few days of upside. In my opinion, the best-case scenario is marching towards new highs. 
</blockquote> 
<img decoding="async" class="size-full wp-image-238270" src="https://coin-turk.com/wp-content/uploads/2023/07/BTC-Bitcoin-2.jpeg" alt="" width="1939" height="1776"> 
<h5>The post <a href="https://en.coin-turk.com/dipped-to-8-now-rising-toward-100-keep-a-close-watch-on-this-altcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dipped to $8, Now Rising Toward $100! Keep a Close Watch on This Altcoin!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Dipped to $8, Now Rising Toward $100! Keep a Close Watch on This Altcoin!

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 19 jul 2023

Jim Cramer Says No Recession on the Horizon — Is He Right This Time?

Crypto News: Everything Goes to Zero Against Bitcoin – Says Max Keiser

Binance Users Commit $2.43 Billion Worth of BNB in ARKM Public Sale – Don’t Miss Your Investment ...

Phillips 66 Stock Price Prediction: What Next In PSX?

Enjin C# SDK release

Celer Announces cBridge Bridging Support for the Linea Mainnet

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!