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Home»Analysis»Top Trader Says No Resistance for Solana Until Well Above $100, Reveals Prediction for One Ethereum-based Altcoin
Analysis

Top Trader Says No Resistance for Solana Until Well Above $100, Reveals Prediction for One Ethereum-based Altcoin

2023-11-08No Comments2 Mins Read
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A crypto trader who accurately called Bitcoin’s (BTC) bear market price bottom for 2018 predicts that Solana (SOL) will easily rise above $100.

Pseudonymous analyst Bluntz tells his 226,000 followers on the social media platform

“These high timeframe accumulation breaks after 90% withdrawals are the stuff dreams are made of. In my opinion, no high time resistance until $137 on SOL.”

Image
Source: Bluntz/X

Him too say that Solana is showing bullish momentum after breaking a downward channel.

“SOL honey, let’s go. LTF (low time frame) accumulation and channel breakout.”

Image
Source: Bluntz/X

Solana is trading for $42.95 at the time of writing.

The trader too weighs in on the liquid staking service provider Lido DAO (LDO). According to Bluntz, the LDO vs Bitcoin (LDO/BTC) pair may have already hit a cycle low.

“LDO/BTC from the beginning. I’m trying to keep a cool head and not get carried away, but there’s a good chance this is a cycle bottom against BTC.”

Image
Source: Bluntz/X

Looking at LDO vs. the US Dollar (LDO/USD), Bluntz say that the pair is showing a bullish setup on the four-hour chart.

“LDO is consolidating above the previous high and gearing up for the next markup in my opinion. I really like this setup. LDO/BTC ultimately ended the week as a very nice engulfment.”

Image
Source: Bluntz/X

LDO/BTC is trading at 0.0000555 BTC ($1.97) at the time of writing.

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See also  Experienced Trader Says Solana Ecosystem Altcoin Poised for Breakout, Predicts New All-Time Highs for Dogecoin Rival
Altcoin EthereumBased Prediction Resistance reveals Solana Top trader
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