Analyst Bluntz Expects a Rise in Solana Despite Recent Drops - Latest cryptocurrency news

Analyst Bluntz Expects a Rise in Solana Despite Recent Drops

In 2018, the cryptocurrency analyst Bluntz, who accurately predicted the market bottom of the Bitcoin (BTC) month, is expecting a rise in Solana (SOL) despite the recent sharp decline. The analyst expects the altcoin, which has increased twelvefold in price since the beginning of the year, to at least double in value.

Bluntz pointed out to his followers on social media platform X (formerly known as Twitter) that Solana’s SOL was the fastest recovering altcoin from its 24-hour low of $68.06. The analyst mentioned that SOL was among the top 10 fastest recovering cryptocurrencies.

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According to the experienced cryptocurrency analyst, the correction has removed traders who were using excessive leverage from the market and allowed SOL and the cryptocurrency market to close the week on a high note.

Bluntz, stating that SOL’s uptrend is not over yet, believes the altcoin will surpass $150 and that there is still enough “fuel” for the rise.

At the time of writing, SOL is trading at $70.94, up 1.88% in the last 24 hours. Reaching the target level mentioned by the analyst would mean approximately a 100% increase, in other words, doubling in value.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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