Analyst Predicts ‘Mind-Blowing’ Parabolic Leg for Solana, Names One Altcoin That Could Outperform Other Coins

A crypto strategist who nailed the Bitcoin’s (BTC) value flooring through the 2018 bear market thinks Solana (SOL) is gearing up for a steep transfer to the upside.

Pseudonymous analyst Bluntz tells his 234,400 followers on the social media platform X that Solana seems to be forming a bullish reversal sample on the one-hour chart.

In keeping with the analyst, he expects SOL to consolidate for a bit earlier than launching a parabolic rally.

“Lovely rounded backside forming on SOL.

Wouldn’t be stunned to see some excessive timeframe sideways on this earlier than the subsequent mind-blowing parabola leg.” 

Supply: Bluntz/X

With Solana now buying and selling effectively above the sample’s help, Bluntz predicts an imminent rally for the fifth-largest altcoin by market cap.

“Good transfer from the lows up to now on SOL.

New highs quickly.”

At time of writing, SOL is buying and selling for $107.40.

Subsequent up, the dealer is trying on the new layer-1 blockchain Sei (SEI). In keeping with Bluntz, SEI is shaping as much as be certainly one of this cycle’s quickest horses after launching a virtually 400% rally in just some months.

“SEI is rapidly turning into this cycle’s outperformer.

Ought to undoubtedly be on everybody’s radar for pullbacks in 2024, for my part.”

Supply: Bluntz/X

At time of writing, SEI is price $0.711, up about 200% because the begin of December.

One other altcoin on the dealer’s radar is Lido DAO (LDO), a crypto undertaking that goals to permit customers to stake Ethereum (ETH) with out locking property or sustaining infrastructure.

In keeping with the analyst, LDO appears primed for a breakout on its US greenback pair whereas flashing a bullish reversal sign on its Bitcoin 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.”

Supply: Bluntz/X

At time of writing, LDO is price $2.87.

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