A crypto strategist who accurately predicted Bitcoin’s 2018 market bottom believes Solana (SOL) and its competitor, Sei (SEI), are poised for significant rallies.
The pseudonymous analyst, known as Bluntz, shared his insights with his 239,500 followers on the social media platform X. He believes Solana is in the midst of a wave-three rally, which is the strongest and longest wave in a five-wave rally, according to Elliott Wave theory.
Bluntz shared a chart suggesting that SOL could reach $150 and potentially higher, a price level last seen in January 2022. He is optimistic about Solana’s prospects and considers it his largest spot bag.
Bluntz is also closely monitoring the price action of Solana’s competitor, Sei. He believes Sei is in the final stages of its five-wave surge and could soon reach a new all-time high above $1.
According to Bluntz, Sei has consolidated enough and is poised for a breakout. He sees the psychological $1 zone as the next stop, with the potential for even higher gains.
At the time of writing, SOL is trading at $108.48, while SEI is worth $0.696.
The opinions expressed in this article are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.