← Go back Dec 12, 2023
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 remarkable resilience. 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 ’s upward trend is still in motion. Referencing a chart projecting SOL’s potential rise to $150, the trader emphasizes: 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.
Read more: coinspress
