Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin
An analyst known for being crowned as a “Master Trader” on the crypto exchange Bybit believes that a huge upside move is in sight for one Solana (SOL) rival.
Pseudonymous analyst Bluntz tells his 321,600 followers on the social media platform X that the native asset of the layer-1 protocol Sui (SUI) is in the midst of a new five-wave rally after completing an ABC correction.
The trader utilizes the Elliott Wave theory in his technical analysis. The theory states that a bullish asset tends to witness a five-wave surge after completing an ABC pullback.
Says Bluntz,
“A lot of alts starting to look crazy good here, SUI definitely one of them.”
Based on the trader’s chart, he seems to predict that SUI will hit $5.50, a 98% increase from its current value of $2.77.
Another altcoin on the trader’s radar is the Solana-based decentralized oracle Pyth Network (PYTH). According to Bluntz, PYTH is flashing a bullish divergence on the weekly chart, indicating that a massive bullish reversal is in play.
“Liking PYTH here, Solana ecosystem is so utterly rekt it could easily 2x in the blink of an eye.
High timeframe bull divergence everywhere as far as the eye can see.”
At time of writing, PYTH is worth $0.105.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin appeared first on The Daily Hodl.
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Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin
An analyst known for being crowned as a “Master Trader” on the crypto exchange Bybit believes that a huge upside move is in sight for one Solana (SOL) rival.
Pseudonymous analyst Bluntz tells his 321,600 followers on the social media platform X that the native asset of the layer-1 protocol Sui (SUI) is in the midst of a new five-wave rally after completing an ABC correction.
The trader utilizes the Elliott Wave theory in his technical analysis. The theory states that a bullish asset tends to witness a five-wave surge after completing an ABC pullback.
Says Bluntz,
“A lot of alts starting to look crazy good here, SUI definitely one of them.”
Based on the trader’s chart, he seems to predict that SUI will hit $5.50, a 98% increase from its current value of $2.77.
Another altcoin on the trader’s radar is the Solana-based decentralized oracle Pyth Network (PYTH). According to Bluntz, PYTH is flashing a bullish divergence on the weekly chart, indicating that a massive bullish reversal is in play.
“Liking PYTH here, Solana ecosystem is so utterly rekt it could easily 2x in the blink of an eye.
High timeframe bull divergence everywhere as far as the eye can see.”
At time of writing, PYTH is worth $0.105.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin appeared first on The Daily Hodl.
Read More