Ethereum Rival Solana Could Explode By 100%

It has been revealed that the Ethereum rival Solana’s price could explode by 100%. Check out the latest reports about this below.

A well-known crypto trader predicts that a top-10 altcoin could experience a significant price surge in the midst of a rebounding crypto market.

Bluntz, a crypto analyst with a large Twitter following of 223,000, has expressed his positive sentiment towards Solana (SOL), a competitor to Ethereum (ETH).

Bluntz noted that SOL has completed an Elliot Wave Theory three-wave correction pattern and has bounced back from a major support level.

The Elliott Wave theory suggests that asset price trends typically follow a five-wave pattern, with corrections occurring in a three-wave pattern.

“One of the altcoins I’m liking here is SOL.

Solid strong reaction from a major support level, clean three-wave move down on high time frames.

I think this has potential for 100% upside, and I rarely call shit like that.”

Solana is trading at $16.75 at time of writing.

Regarding the price of Bitcoin (BTC), the pseudonymous analyst says that the flagship crypto asset is flashing a bullish signal on the daily chart.

“Beautiful downtrend/bull flag breakout on daily.

I think it’s time to start taking some more risk again.”

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $30,305.

According to crypto strategist Jason Pizzino, Bitcoin’s next surge upwards is inevitable. In a recent strategy session, Pizzino explains that Bitcoin is currently in the latter stages of a Wyckoff accumulation pattern.

This pattern indicates that Bitcoin is forming a strong base for an imminent bull market. Pizzino also notes that Bitcoin is probably in Phase D of the Wyckoff accumulation, a phase characterized by a rally towards the top of the trading range, followed by a retracement to a vital support level.

Pizzino highlighted the fact that Bitcoin surged to the top of the trading range ($30,000) prior to its pullback to below $25,000.