One analyst who is closely watched predicts an impending massive break out for Ethereum.ETH) competitor Solana (SOL).
Bluntz, a pseudonymous analyst tells His 256.800 followers on social media platform X, that SOL seems to be printing a bearish pattern on a four-hour chart and setting higher lows.
“SOL gearing up for a violent breakout here in my opinion.”
A trader uses Elliott Wave Theory, stating that an asset is often re-advanced after three ABC-part corrections. According to his chart, SOL’s ABC correction was completed after the retest at the $120 mark.
Solana currently trades for $159, an increase of more than 3% over the past 24 hours.
The analyst will be the next to arrive. says PepePEPE() appears to be on a bullish trend after rebounding off an important Fibonacci Level at $0.000004454. Pepe is also the chart he believes to be most bullish in comparison with other memecoins.
“Of all the major memecoins, Pepe looks the best in my opinion. [Pepe] has already cleared and reclaimed the (a) wave lows after turbo V reversing from the major 0.618 [Fibonacci level].”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/04/1713960662_14_Top-Trader-Predicts-‘Violent-Breakout-for-Solana-Says-One-Crypto.jpeg)
Pepe, according to the analyst’s graph, could surpass the $0.000013 threshold.
Pepe’s price is $0.000007721 as of the time this article was written, an increase of more than 14% over the past 24 hours.
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