- The trader, known as Bluntz, predicts a considerable surge in Solana’s value, possibly nearing $100 by October.
- Bluntz believes Ethereum is primed for a substantial breakout rally against Bitcoin (ETH/BTC).
Prominent Trader Foresees Stellar Ascend for Solana and Ethereum
Renowned pseudonymous trader Bluntz, acclaimed for accurately predicting Bitcoin’s bottom during the 2018 bear market, anticipates a significant uptick in Solana’s value. Additionally, he sees Ethereum, the leading alternative to Bitcoin, primed for a remarkable breakout.
Bluntz, who has amassed a significant Twitter following of 223,500, believes Solana is at the brink of an explosive rally similar to Bitcoin’s at the beginning of the year.
A Potential Meteoric Rise for Solana
According to the chart shared by Bluntz, Solana might ascend close to $100 by October if the smart contract platform follows his prediction.
“I’m in half a mind to just go full-blown SOL (maximalist) for a few months, to be honest. One of the cleanest upward channel breakouts I’ve seen since BTC back in January at $18,000,”
he said. As of writing, SOL trades at $25.71, suggesting a potential upside of over 288% if it achieves Bluntz’s target.
Turning his attention to Ethereum, Bluntz is convinced that the top altcoin is on the brink of a substantial breakout rally against Bitcoin (ETH/BTC).
“The nearly year-long ETH/BTC wedge breakout is going to be… glorious. For what it’s worth, I think it has probably bottomed already and would be getting horny for it over 0.07 BTC ($2,101). I don’t think enough people are positioned for it and will get completely caught off guard,”
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From Bluntz’s perspective, ETH/BTC could rise to a high of 0.112 BTC ($3,362). At the time of writing, ETH/BTC stands at 0.06337 BTC ($1,902).
As for Bitcoin, Bluntz holds an optimistic view. He anticipates BTC to bounce back, at the very least, after a brief dip below $30,000.
“The low timeframes on BTC definitely looking promising, reclaim of low timeframe range we just broke down from after testing the lower end of higher timeframe range. The worst-case scenario: a few days of up, best case: new highs, in my opinion,”
he shared. Currently, BTC trades at $30,021.
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