A prominent cryptocurrency analyst, going by the moniker Bluntz, has projected substantial growth for two notable alternative cryptocurrencies, Sei (SEI) and Solana (SOL). Bluntz, who commands a vast following on a popular social media platform, has set his bullish predictions on SEI, the native cryptocurrency of the Sei Layer 1 Blockchain, and SOL, the crypto asset of the Solana network, currently the fourth-ranked altcoin by market capitalization.
Sei (SEI) on Course for a Potential 152% Increase
Bluntz’s forecast for SEI points to a possible ascent of roughly 152% from its present price, citing its trading patterns against Bitcoin (BTC). He believes that SEI must undergo a period of consolidation prior to its climb, with a $2 price point seen as a realistic goal. This is based on the completion of a triadic sequence within a broader quintuple wave pattern in the SEI/BTC market.
Currently, SEI’s trading value stands at $0.794, marking a substantial 426% leap from its November 15, 2023, valuation of $0.151. Bluntz’s analysis signals an optimistic trend for SEI, driven by its breakthrough of a descending trend line in the hourly chart.
Solana (SOL) Targets a High of $150
Bluntz is equally optimistic about Solana’s SOL, anticipating an approximate 30% upswing from its current price. This estimate is rooted in SOL’s trading behavior with BTC and the emergence of three sequential higher lows on the daily chart. Bluntz predicts that Solana will embark on an upward price trajectory.
SOL, now trading at $115, is expected to pursue further gains, with a target price of $150. Bluntz’s anticipation for Solana mirrors the general market confidence in the robust altcoin, suggesting that SOL is primed for a climb.