Solana

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 A crypto strategist known for calling Bitcoin’s (BTC) 2018 market bottom thinks that Solana (SOL) looks ripe for a big move to the upside.
 Pseudonymous analyst Bluntz tells his 239,500 followers on the social media platform X that Solana appears to be in the midst of a wave-three rally.
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 The trader shares a chart that suggests SOL could hit a price level last seen in January 2022 before ending its five-wave surge.
 “Looking like SOL is now also looking strong and in a wave three up to $150 and beyond. Had more bids at $90 that didn’t hit so didn’t end up getting filled as much as I’d like, but still my largest spot bag.
 Send it.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF7Ug4PbkAAUMFQ?format=jpg&amp;name=large" alt="Image" width="1443" height="1175">
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 Source: Bluntz/X
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 Bluntz practices the Elliott Wave theory, an advanced 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 witnesses a five-wave rally with wave three being the strongest and the longest of all.
 At time of writing, SOL is trading at $108.48.
 Bluntz is also watching the price action of Solana competitor Sei (SEI). According to the analyst, Sei appears to be in the final stages of its five-wave surge and could hit a new all-time high above $1.
 “SEI has consolidated enough now in my opinion, still yet to put in the macro fifth wave higher on daily.
 Psychological $1 zone next stop, potentially even higher.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GF7GJAZagAAc287?format=jpg&amp;name=medium" alt="Image" width="1108" height="587">
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 Source: Bluntz/X
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 At time of writing, SEI is worth $0.696.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-who-nailed-bitcoin-2018-bottom-predicts-rallies-for-solana-and-one-sol-competitor-here-s-his-outlook-tbt79543.html">https://thebittimes.com/analyst-who-nailed-bitcoin-2018-bottom-predicts-rallies-for-solana-and-one-sol-competitor-here-s-his-outlook-tbt79543.html</a>

Analyst Who Nailed Bitcoin 2018 Bottom Predicts Rallies for Solana and One SOL Competitor – Here’s His Outlook

TheBitTimes

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