Chainlink & Solana Expected to Experience Bullish Trend, Predicts Crypto Analyst: Discover the Price Targets!
Key Takeaways
Renowned analyst Bluntz predicts a bullish outlook for Chainlink (LINK) and Solana (SOL) based on technical analysis and the Elliott Wave theory.
Bluntz sees encouraging signs for Chainlink, suggesting a bullish shift and a rise to $20.
For Solana, Bluntz anticipates a surge against Bitcoin and projects a trajectory reaching approximately $85.
Investors should always conduct their own research and analysis before making investment decisions.
Renowned analyst Bluntz, known for accurately forecasting the 2018 Bitcoin bear market bottom, is once again attracting attention with his latest bullish outlook. This time, he focuses on Chainlink (LINK) and Solana (SOL), identifying signs that could propel these altcoins to higher levels.
Chainlink’s Bullish Signals
Bluntz closely examines the eight-hour chart of Chainlink and identifies several positive signs. He highlights that LINK has recently completed a crucial fifth wave drop, indicating a shift towards bullish territory. Using the Elliott Wave theory, which analyzes wave patterns based on crowd psychology, Bluntz believes Chainlink has reached a significant low in its fourth wave. He confidently predicts a rise to $20, a level last seen in January 2022, stating, “RIP anyone who capitulated.” Currently priced at $14.27, Chainlink could potentially see an increase of over 37% if it reaches Bluntz’s target.
Solana’s Impending Breakout
Bluntz also turns his attention to Solana, foreseeing a surge against Bitcoin and strong gains in its US dollar value. He notes that Solana’s SOL/BTC chart shows an attempt to break a bullish pattern after a brief consolidation period. Bluntz anticipates that when the 37-day range breaks, Solana could experience a significant upward movement, potentially its most substantial leg yet. Additionally, he projects Solana’s trajectory reaching heights of approximately $85. With SOL currently trading at $74.73, it sets the stage for the potential growth Bluntz foresees.
Expert Insights in Play
Bluntz’s track record of understanding crypto market trends adds credibility to these predictions. As the crypto community watches the developments for Chainlink and Solana, the question remains: will Bluntz guide investors to success once again? However, it is crucial for investors to conduct their own research and risk analysis. Stay informed and stay safe.