Top Crypto Trader Predicts Floodgates Will Open for Solana Once Resistance is Broken
A prominent trader who accurately predicted the bottom of Bitcoin's bear market in 2018 believes that Solana (SOL) is poised for a breakthrough once it surpasses its multi-month accumulation range. The trader, known as Bluntz, suggests that SOL is likely to break out against both Bitcoin and the US dollar. Bluntz is also bullish on Ethereum (ETH), which he believes may be setting up for a rally after respecting support at $1,550 and printing a bullish higher-low setup. At the time of writing, Solana is worth $29.44 and Ethereum is worth $1,632.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin, ether prices dip amid escalating macro fears of prolonged inflation
Bitcoin dipped 5%, and ether fell 8.5% over the past 24 hours.Analysts said recent macroeconomic data have caused concerns over persistent inflation.
Solana considers lattice-based scalability and quantum threat solutions to outpace Ethereum
Solana's network upgrades aim to optimize billions of accounts and secure against quantum advances.
Vitalik Buterin champions decentralized defense against AI risks
Buterin emphasizes decentralization in AI safety, advocating for defense-driven technologies over centralized control.
OCBC Offers Fractional Bond Tokens for Corporates Investors
Trending news
MoreCrypto prices
More
