Solana: Popular Trader Expects Bullish Surge to $150

The bottom of Bitcoin’s 2018 bear market was accurately predicted by a trader, and their current optimism toward Solana (SOL) remains strong despite its recent significant downward movement.

A well-known analyst, known as Bluntz, highlights Solana’s remarkable resilience.

surprise surprise.

guess which top10 recovered the fastest.$SOL pic.twitter.com/upmhzrEvCS

— Bluntz (@Bluntz_Capital) December 11, 2023

In a recent post, Bluntz expressed, “Surprise, Surprise. Guess which top 10 [crypto] recovered the fastest. SOL.”

This recovery, according to the analyst, stemmed from a necessary correction that cleared out overleveraged traders. The market’s current position appears favorable for a bullish conclusion to the week, as per Bluntz.

Zooming in on SOL’s trajectory, the trader’s analysis suggests that the altcoin’s upward trend is still in motion.

Referencing a chart projecting SOL’s potential rise to $150, the trader emphasizes:

legit think this leg on $SOL from the $51 lows will be the largest extention we've seen so far.

don't even get me started on how im viewing this from the bottom, you wouldn't believe me.

still plenty of juice left in the tank imo.https://t.co/zHX9WYRMOM pic.twitter.com/jYlR1FJ2q9

— Bluntz (@Bluntz_Capital) December 9, 2023

The perspective from the bottom is even more promising, though it might sound unbelievable. I see substantial potential remaining.”

At the time of this assessment, SOL is trading at $70.31. Based on the trader’s forecast, Solana has a potential upside of approximately 100% if it attains the projected target.

Author

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.