In recent times, Bitcoin and Ethereum have been the protagonists, but other currencies, such as Solana, are starting to gain the spotlight.
Bluntz, a renowned trader who made accurate predictions about Bitcoin's trend in 2018, recently shared his view on Solana's potential. He believes that a major turnaround for this cryptocurrency is about to occur.
To his more than 225 followers on his preferred social media platform, he detailed:
“Very impressed with SOL price action this week. Today's price action is likely a breakout in the BTC pair and it appears that a full year of accumulation in not only USD but also SOL/BTC is close to coming to an end. Once it goes above $32, the floodgates will open. That’s still 20% higher, but it looks very promising in terms of the high term structure.”
very impressed with $ SOL price action this week.
todays PA most likely a breakout on the btc pair and looking like a whole year of accumulation on not just usd but sol/btc is close to coming to an end.
once it breaks $32 the flood gates get unleashed, thats still 20% higher but… https://t.co/5o1hFWjbYr pic.twitter.com/lsItTVaqIC
— Bluntz (@Bluntz_Capital) October 20, 2023
But what is the magic spot everyone is waiting for? According to Bluntz, the magic number is US$32. Solana is currently valued at US$29,70, up 5% on the day, and its exchange rate with Bitcoin is 0,00098 BTC. It appears that the currency is approaching this target, and if it exceeds it, according to the trader, things could get very interesting for investors.
