Solana, a rising cryptocurrency, is starting to gain attention alongside Bitcoin and Ethereum. Renowned trader Bluntz, known for accurate predictions about Bitcoin’s trend in 2018, recently shared his thoughts on Solana’s potential. He believes that a significant turnaround for this cryptocurrency is on the horizon.
Sharing his views with his more than 225 followers on his preferred social media platform, Bluntz stated:
“I am very impressed with the price action of SOL this week. Today’s price action is likely a breakout in the BTC pair, indicating that a year-long period of accumulation in both USD and SOL/BTC is nearing its end. Once it surpasses the $32 mark, the floodgates will open. Although this represents a 20% increase, it appears very promising in terms of the long-term structure.”
Bluntz’s tweet reveals that the magic number everyone is waiting for is $32. Currently, Solana is valued at $29.70, experiencing a 5% increase for the day, with an exchange rate of 0.00098 BTC. It seems that the currency is approaching this target, and if it surpasses it, according to the trader, it could lead to intriguing opportunities for investors.
Disclaimer:
The views and opinions expressed by the author or anyone mentioned in this article are for informational purposes only and should not be considered as financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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