A crypto trader who accurately called Bitcoin’s (BTC) bear market price bottom for 2018 predicts that Solana (SOL) will easily rise above $100.
Pseudonymous analyst Bluntz tells his 226,000 followers on the social media platform
“These high timeframe accumulation breaks after 90% withdrawals are the stuff dreams are made of. In my opinion, no high time resistance until $137 on SOL.”
Him too say that Solana is showing bullish momentum after breaking a downward channel.
“SOL honey, let’s go. LTF (low time frame) accumulation and channel breakout.”
Solana is trading for $42.95 at the time of writing.
The trader too weighs in on the liquid staking service provider Lido DAO (LDO). According to Bluntz, the LDO vs Bitcoin (LDO/BTC) pair may have already hit a cycle low.
“LDO/BTC from the beginning. I’m trying to keep a cool head and not get carried away, but there’s a good chance this is a cycle bottom against BTC.”
Looking at LDO vs. the US Dollar (LDO/USD), Bluntz say that the pair is showing a bullish setup on the four-hour chart.
“LDO is consolidating above the previous high and gearing up for the next markup in my opinion. I really like this setup. LDO/BTC ultimately ended the week as a very nice engulfment.”
LDO/BTC is trading at 0.0000555 BTC ($1.97) at the time of writing.
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Generated image: DALLE3