A prominent cryptocurrency strategist known as Bluntz has expressed his positive outlook on the altcoin Solana (SOL), highlighting its potential for further growth. He also conveyed an optimistic forecast for Bitcoin (BTC) and provided insights into the trajectory of the Layer 2 network Sei’s native token (SEI).
Strong Prospects for Solana
Bluntz communicated through a social media platform that despite Solana’s substantial gains, the altcoin shows no signs of slowing down. He pointed out that Solana’s recent breakout signifies a build-up of momentum that could propel it to new record levels. Currently, Solana is experiencing a bullish phase, trading at $190.34, up by 5%, and approaching its previous peak price of $259.96 set in November 2021.
According to the analyst, Solana’s impressive rally against both Bitcoin and Ethereum suggests the possibility of further ascension. Bluntz’s analysis draws on the Elliott Wave theory, projecting that Bitcoin’s next phase will witness a climb towards the $80,000 mark, following its drop to the $60,000 threshold. He infers that the corrective pattern for Bitcoin has concluded and anticipates an upcoming significant bullish wave.
Bitcoin Set for a Surge and SEI on the Cusp of a Breakout
Despite a minor dip in Bitcoin’s price, now at $68,262 with a 3.7% decrease, Bluntz maintains a buoyant stance on its future price movements. He believes the cryptocurrency is on the verge of a major upswing.
Turning his attention to Sei’s native token, SEI, the analyst predicts a price goal of $1.60, identifying the altcoin as being on the brink of a significant price escalation. Despite its slow start, SEI has seen a substantial 24-hour increase, trading at $1.06. Bluntz contends that SEI is gathering momentum and is positioned for a bullish leap.