According to a crypto strategist who accurately predicted Bitcoin's price floor during the bear market in 2018, Solana (SOL) is preparing for a significant upward movement.
Bluntz, a pseudonymous analyst with a following of 234,400 on the social media platform X, suggests that Solana is showing signs of a bullish reversal pattern on the one-hour chart.
The analyst predicts that SOL will undergo a period of consolidation before embarking on a parabolic rally.
"Beautiful rounded bottom forming on SOL.
Would not be surprised to see some high timeframe sideways on this before the next mind-blowing parabola leg.”
With Solana currently trading comfortably above the support level of the pattern, Bluntz forecasts an upcoming rally for the fifth-largest altcoin based on market capitalization.
"Nice move from the lows so far on SOL.
New highs soon.”
As of the time of writing, SOL is being traded at a price of $107.40.
Moving on, Bluntz is now examining Sei (SEI), a new layer-1 blockchain. According to the analyst, SEI is emerging as one of the top performers in this cycle, with a remarkable rally of nearly 400% within a few months of its launch.
"SEI is quickly turning into this cycle’s outperformer.
Should definitely be on everyone's radar for pullbacks in 2024, in my opinion.”
As of the time of writing, SEI is currently valued at $0.711, experiencing a growth of approximately 200% since the beginning of December.
Another altcoin that has caught the trader's attention is Lido DAO (LDO), a cryptocurrency project that aims to enable users to stake Ethereum (ETH) without the need to lock their assets or manage infrastructure.
According to the analyst, Lido DAO (LDO) appears to be ready for a breakout on its US dollar trading pair, while also showing a bullish reversal signal on its Bitcoin trading pair (LDO/BTC).
I have a love/hate relationship with LDO but I think it’s finally going for the price discovery breakout. There’s also weekly bullish divergence on the BTC pair.”
At time of writing, LDO is worth $2.87.
Coinbase lists KARRAT altcoin on Ethereum network, with trading to commence upon meeting liquidity conditions. Users cautioned about potential scams and high volatility. Despite risks, Coinbase's move highlights commitment to diverse asset offerings.
Xu LinBluntz Capital, renowned for predicting Bitcoin's 2018 bottom, anticipates a 40% surge in Solana ($SOL). Using Elliott Wave theory, he sees a corrective phase completed and a bullish trajectory.
Xu LinArthur Cheong advocates for a paradigm shift towards DeFi, pinpointing Synthetix (SNX), Aave, and Axie Infinity as altcoins with substantial potential. Article Summary: Renowned venture capitalist Arthur Cheong identifies top altcoin picks, emphasizing the transformative potential of DeFi. He critiques traditional fintech's lack of innovation and highlights Synthetix (SNX), Aave, and Axie Infinity as groundbreaking investments within the evolving crypto landscape. Cheong envisions a financial world organized through a different paradigm, positioning these altcoins as key players in the industry's future.
Cheng YuanCrypto trader Altcoin Sherpa expresses bullish sentiment on Stacks (STX), with an entry point around $1.75, anticipating significant upside. The analyst also notes an uptrend for The Sei Network (SEI), suggesting consolidation around $0.58. For Bonk (BONK), potential upward movement is anticipated, with price targets at $0.0000163 and $0.0000180ish. Altcoin Sherpa's analysis provides insights for traders in the altcoin space within the Bitcoin ecosystem.
Huang BoInvestasi strategis KuCoin dalam ekosistem altcoin kejutan bertujuan untuk mendorong pertumbuhan ekosistem TON. Kemitraan ini, yang ditandai dengan hibah yang signifikan dan dukungan untuk aplikasi mini, mencerminkan visi bersama untuk masa depan digital yang terdesentralisasi.
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