Analyst Foresees Crypto Surges: SOL, SEI, LDO in Focus
A cryptocurrency analyst, well-regarded for predicting Bitcoin's market movements in the past, has shared insights hinting at a potential upward trend for Solana (SOL).
The analyst suggests SOL might be poised for a significant uptick. Observing a pattern indicating a possible bullish reversal on shorter-term charts, there’s anticipation of SOL undergoing a consolidation phase before potentially surging upwards.
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. pic.twitter.com/MPe8ygsYWp
— Bluntz (@Bluntz_Capital) January 1, 2024
Notably, SOL is currently trading above its pattern support, leading the analyst to predict an imminent rally for this altcoin, which ranks as the fifth-largest by market cap.
In parallel, the analyst turns attention to Sei (SEI), a newly introduced L1 blockchain. Noting SEI’s remarkable performance with a nearly 400% rally over a few months, the analyst suggests that SEI might emerge as one of the standout performers in the ongoing market cycle.
$SEI is quickly turning into this cycles outperformer.
should defo be on everyones radar for for pullbacks in 2024 imo https://t.co/SDtsxGPHto pic.twitter.com/clWX2E8M6D
— Bluntz (@Bluntz_Capital) January 1, 2024
SEI’s current value stands at $0.711, marking a surge of around 200% since December’s commencement.
Another cryptocurrency of interest to the analyst is Lido DAO (LDO), offering a platform for users to stake Ethereum (ETH) without the necessity of asset lock-ins or infrastructure management.
READ MORE: Ethereum: On-Chain Insights Spark Price Optimism
LDO, according to the analyst’s observations, appears to be showing signs of a potential breakout in its USD pair. Additionally, the coin’s BTC pair (LDO/BTC) signals a bullish trend, further adding to the analyst’s interest.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
