A dealer who nailed the backside of Bitcoin’s (BTC) 2018 bear market is remaining bullish on Solana (SOL) regardless of its deep corrective transfer in the previous day.
Pseudonymous analyst Bluntz tells his 231,500 followers on the social media platform X that Solana is the quickest large-cap coin to get well after plunging to a 24-hour low of $68.06.
Guess which high 10 [crypto] recovered the quickest.
In response to the crypto strategist, the correction shook out overleveraged merchants, putting SOL and the relaxation of the crypto markets in a place to finish the week on a bullish be aware.
“Open interest completely wiped, early week dump after the weekly close. This was needed. We close out the week higher, in my opinion.”
Trying nearer at SOL, the dealer believes that the altcoin’s uptrend is way from over. The dealer shares a chart that exhibits SOL rallying to as excessive as $150.
“Legit suppose this leg on SOL from the $51 lows might be the largest extension we’ve seen to date.
Don’t even get me began on how I’m viewing this from the backside, you wouldn’t imagine me.
Nonetheless lots of juice left in the tank, in my opinion.”
At time of writing, SOL is buying and selling for $70.31, indicating an upside potential of about 100% if Solana reaches the dealer’s goal.
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