Cryptocurrency analyst Bluntz, known for accurately predicting Bitcoin’s 2018 bottom, anticipates a significant surge for Solana (SOL), a strong Ethereum competitor. He also sees potential for Moonriver (MOVR) to experience a rise.
Bluntz believes Solana’s SOL has completed its corrective phase and is poised for a new upward trend, potentially leading to a 50% gain from its current price, surpassing the $150 mark. This prediction is based on the Elliott Wave theory, which tracks crowd psychology patterns to forecast price movements.
At the time of the report, SOL’s price had increased by 6.03% over the past 24 hours, reaching $103.38, and had seen a substantial 21.89% rise over the previous week.
Monitoring Moonriver’s MOVR
Bluntz is also keeping a close eye on Moonriver’s native token MOVR, which operates on the Kusama network and is compatible with Ethereum. MOVR appears to have completed its corrective phase and is now on Bluntz’s radar as an altcoin with significant promise.
Despite the analyst’s previous prediction of MOVR reaching up to $50, the current price has increased by 0.86% in the last 24 hours to $23.62, which is still about 100% below the target level suggested by Bluntz.