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Known for predicting back in 2018 the level at which Bitcoin (BTC) would bottom out, and having that prediction come true, crypto analyst Bluntz has expressed expectations of an upward move for two altcoins listed in the top 50. Here are the details of the two altcoins on the analyst’s radar and the anticipated rise.
Bluntz Expects Solana to Surpass $140
Anonymous crypto analyst Bluntz spoke positively about Solana (SOL), which ranks high on the list of the top 50 altcoins. The analyst told his followers on his personal X (formerly known as Twitter) account that he expects the altcoin to increase in value against Bitcoin (SOL/BTC). According to the analyst, the upward-trending SOL/BTC chart suggests that Solana will likely rise against the US dollar as well.
This is my new SOL/BTC call. Since the first time I shared it, it has impulsively risen in five waves from the bottom and has now made another ABC correction. I think the time is just about up for the SOL/BTC trading pair. I have no idea where the US dollar trading pair is going in terms of levels, but I really think it’s targeting $140 and even above that level.
SOL is trading at $73.65 at the time of writing this article, and it needs to rise by over 90% to reach the target of at least $140.
Bluntz Sets a Target of $200 for AAVE
Following Solana’s SOL, Bluntz drew attention to the governance token of the decentralized finance (DeFi) lending protocol Aave. He expects a major breakout rally in AAVE, which is one of the top 50 altcoins by market value, and stated the following:
A monster three-day candle has been lit in AAVE, and it has officially shifted gears. I think there is plenty of fuel in stock for it to rise, and it’s not targeting anything below the $200 level.
AAVE is trading at $108.13 at the time of writing this article. The price has to increase by at least 85% to reach the analyst’s target of $200.
Finally, speaking about Bitcoin and Ethereum (ETH), Bluntz said that he initially had reservations, but has now switched to expecting an uptrend for both cryptocurrencies. The analyst had previously warned of a downward movement after both ETH and BTC pulled back from the rising channel peaks.
