Avalanche

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 <p>A widely followed crypto analyst is expressing bullish sentiment toward a popular layer-1 altcoin.</p>
 <p>The pseudonymous analyst known as Bluntz tells his 232,600 followers on the social media platform X that the current price action of Avalanche (AVAX) is mirroring that of Bitcoin (BTC) as it was appreciating in October and November.</p>
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 <p>The strategist says Avalanche is forming a pattern that could see it hit a price of $50, around 17% above its current level.</p>
 <p>According to the trader’s four-hour chart, which utilizes Elliott Wave Theory in its technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, Bluntz appears to suggest that Avalanche has so far completed two waves of a bullish five-wave pattern that’s potentially on course to propel the 10th-largest crypto asset to above $50.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBxDKwRa8AAbVAq?format=jpg&amp;name=medium" alt="GBxDKwRa8AAbVAq" width="1063" height="499">
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   Source: Bluntz/X
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 <p>The Elliott Wave Theory is a tool used to forecast future price movements based on the premise that prices move in repeatable and predictable patterns of five waves.</p>
 <p>Avalanche is trading at $42.77 at time of writing, up from its price of $9.06 reached on October 20th – a 372% increase.</p>
 <p>The analyst also offers his insights on smart contract platform Solana (SOL) paired against Bitcoin (SOL/BTC). According to Bluntz, SOL/BTC has traded in a range for 37 days that is on the cusp of a breakout. Bluntz says that after the breakout, the SOL/BTC pair could experience the “steepest” rise recorded so far.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBqPAgzaYAAjHc7?format=png&amp;name=large" alt="GBqPAgzaYAAjHc7" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Bluntz/X
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 <p>Solana is trading for 0.00181019 BTC at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-crypto-analyst-says-ethereum-competitor-that-s-exploded-over-370-in-three-months-is-signaling-more-upside-tbt74385.html">https://thebittimes.com/top-crypto-analyst-says-ethereum-competitor-that-s-exploded-over-370-in-three-months-is-signaling-more-upside-tbt74385.html</a></p>

Top Crypto Analyst Says Ethereum Competitor That’s Exploded Over 370% in Three Months Is Signaling More Upside

TheBitTimes

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