One Ethereum is the best altcoin to buy.ETH( challenger) is nearing the printing of a local bottom.
Pseudonymous Bluntz informs 254,000 of his followers via the social media platform X he is bullish on Solana.SOL).
The top trader believes that Solana will reach a bottom at around 0.0025 BTC (or $179.57), before new rallies are sparked.
“SOL/BTC super close to putting in a bottom in my opinion, just needs to sweep these lows one last time on hourly to put in that five of C.”
Bluntz uses the Elliott Waves theory. This states that an asset is bullish when it completes a ABC corrective cycle. According to the chart of the trader, the C wave will soon end, opening the door for a rise above the 0.003 BTC (USD 215).
SOL/BTC trades at 0.002519 BTC (180.94) as of the date this post was published.
Bluntz predicts that Solana, when compared to the US dollar will experience more consolidation sideways before it ignites a rally up to a 2024 new high of $230.
“Open to the possibility of a sideways correction on SOL here, mainly because I think SOL/BTC looks like it’s already done an ABC and has swept the lows and very close to a bottom, and if that bottoms would make no sense for SOL/USD to sweep down lower below $160.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1712708884_297_Top-Analyst-Says-Ethereum-Rival-Super-Close-to-Bottoming-Out.jpeg)
SOL’s current value is $180.64.
Bluntz also names one alternative coin that he believes is worth a lot. believes Would trigger rallys for non-fungible (NFT) tokens based on Solana.
“TNSR airdrop…likely kickstarts SOL NFT season in my opinion.
NFT Bros that like Jpegs can buy tokens for people who are not interested in buying them. [will] Most likely, they will sell their airdropped tokens to purchase more Jpegs.
Flywheel effect”
Tensor is the largest NFT platform in Solana. Users who are eligible can now claim Jupiter) to get their TNSR free tokens.JUP) LFG launchpad.
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