Top Trader Predicts Fresh Leg Up for SOL and One Solana-Based Altcoin, Updates Outlook on Dogecoin

March 31, 2024

An analyst who’s been making timely altcoin calls as of late thinks that three crypto assets are almost ready to witness moves to the upside.

Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he’s bullish on Solana (SOL).

According to the top crypto strategist, Solana appears to have completed an ABC corrective wave against Bitcoin (SOL/BTC) on the eight-hour chart.

“SOL gearing up for another run IMO (in my opinion). SOL/BTC looking like a nice ABC now done.

Swept the (a) wave lows and has now reclaimed.”

Bluntz practices Elliott Wave theory, which states that a bullish asset tends to see a fresh leg up following the conclusion of an ABC correction. Looking at the trader’s chart, he seems to predict that SOL/BTC will rise to 0.00365 BTC ($254).

At time of writing, SOL is worth $194.24.

Next up, the trader says he’s keeping an eye on the Solana-based decentralized exchange (DEX) aggregator Jupiter (JUP). Bluntz predicts that JUP will see rallies after completing an ABC correction.

“JUP looking rather sendy here, definitely the strongest of the holy trinity here: JUP, JTO and PYTH.”

At time of writing, JUP is trading for $1.52, up over 7% in the last 24 hours.

The trader is also bullish on top memecoin Dogecoin (DOGE). Bluntz shares two charts to show that DOGE appears to be mirroring a pattern that BTC printed in early 2023 when Bitcoin bottomed out at around $16,000.

“What if?

DOGE.”