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Bluntz, a leading crypto currency analyst known by the pseudonym, has made bullish predictions for two altcoins that have attracted significant attention in recent months. The analyst has his sights set on Layer 1 Blockchain Sei (SEI) and Solana (SOL), the fourth largest altcoin by market value.
152% Rise Predicted for Sei (SEI)
Bluntz, who has a large following on social media platform X, has turned the spotlight on the native asset SEI of Layer 1 Blockchain Sei and SOL, the token of Solana, which is the fourth largest altcoin by market value.
In his analysis of SEI, Bluntz predicts a potential rise of approximately 152% from its current level, based on the altcoin’s price movement against Bitcoin (BTC). Emphasizing that SEI needs to consolidate before rising, Bluntz suggests that reaching a $2 target is not out of the question, referring to the completion of a three-wave pattern within a larger five-wave model in the SEI/BTC trading pair.
SEI is currently trading at $0.794, which represents an impressive 426% increase from its price of $0.151 recorded on November 15, 2023. Bluntz’s analysis generally indicates a bullish outlook for SEI, which has broken through a falling trend line on the hourly time frame.
Solana (SOL) Aiming for $150
In addition to SEI, Bluntz shared his positive views on Solana’s SOL, predicting a potential increase of about 30% from its current level based on SOL’s price movement in the BTC trading pair. Noting the formation of three consecutive higher lows on the daily chart for SOL/BTC, Bluntz expects Solana to move on an upward trajectory.
Bluntz’s prediction for Solana reflects the broader market optimism surrounding the resilient and strong-performing altcoin. According to Bluntz’s analysis, SOL, which is currently trading at $115, is gearing up for further growth towards a potential target of $150.
