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HomeNewsSolana and SEI Surge Predicted: Analyst Who Nailed BTC Bottom Shares Insights

Solana and SEI Surge Predicted: Analyst Who Nailed BTC Bottom Shares Insights

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  • Bluntz anticipates a rise in Solana’s share price, surpassing $150 based on Elliott Wave theory.
  • Sei, Solana’s competitor, could reach new all-time highs above $1, according to market trend analysis.

Bluntz, a cryptocurrency strategist renowned for getting the 2018 Bitcoin market low right, has set his sights on Solana (SOL) and a competitor to it, anticipating a rise in its share price.

In a recent tweet, to his followers on the social network X, he reported that Solana is in the phase of a third wave rally, suggesting it could reach prices not seen since January 2022. According to his analysis, Solana could exceed $150, although he regretted not buying more at $90 as he had planned.

solchart-SOL-could-hit-price-level-last-seen-in-January-2022
Source: Bluntz/X

Using Elliott Wave theory, which focuses on the analysis of collective psychologies manifested in waves, Bluntz sees SOL in a strong position. This theory predicts that in an uptrend, assets experience a five-wave rally, with the third wave being the most extended and robust .

Currently, SOL trades at $108.48, indicating an accumulation phase before the expected rise.

 

In addition to Solana, Bluntz is analyzing Sei (SEI), a project he believes is in the latter stages of its five-wave rally and could set a new all-time high by surpassing $1.

sei-sol-competitor
Source: Bluntz/X

Sei, according to Bluntz, has sufficiently consolidated and is poised for a fifth macro wave on the daily chart, pointing to the $1 area as its next target, with potential to move higher still.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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