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Crypto analyst and strategist Bluntz, known for predicting Bitcoin‘s (BTC) 2018 price bottom, has suggested that Solana (SOL) is ready for a significant upward move. The analyst also made a bold prediction for Sei (SEI), stating that the altcoin could reach its all-time high.
Bluntz Anticipates Solana to Surpass $150
The anonymous crypto analyst Bluntz told his followers on social media platform X that Solana appears to be in the midst of a third wave rally. Sharing a chart that suggests SOL could reach the price levels last seen in January 2022 before completing a five-wave rise, the analyst commented:
SOL currently looks strong and is moving within a third wave towards $150 and beyond. There were many bids that did not hit at $90, so I didn’t fill as much as I wanted, but SOL is still the asset I hold the most in spot. Let it ride.
It seems that Bluntz’s SOL analysis is based on the Elliott Wave theory, an advanced technical analysis approach that attempts to predict future price movements by following the crowd psychology that tends to emerge in waves. According to the theory, an asset on the rise goes through a five-wave rally, with the third wave being the strongest and longest.
Bluntz Believes SEI Is Gearing Up for All-Time Highs
Bluntz is also closely monitoring Solana’s competitor Sei. According to the analyst, Sei is in the final stage of a five-wave rise and could reach an all-time high above $1:
I think SEI has consolidated enough and still hasn’t put in a higher macro fifth wave on a daily basis. The next stop will be the psychologically significant $1 region and potentially an even higher level.
