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HomeNewsSolana Gearing Up for Monumental Surge, Ethereum on the Verge of a...

Solana Gearing Up for Monumental Surge, Ethereum on the Verge of a ‘Glorious’ Breakout, Predicts Top Trader

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  • 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,”

he expressed.

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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Godfrey Benjamin
Godfrey Benjamin
Godfrey Benjamin is an experienced crypto journalist whose primary goal is to educate everyone about the prospects of Web 3.0. His love for crypto was sparked during his time as a former banker when he recognized the clear advantages of decentralized money over traditional payments. Business Email: info@ethnews.com Phone: +49 160 92211628
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