A widely followed analyst and trader who accurately predicted a Bitcoin (BTC) correction in January is unveiling one Ethereum (ETH) rival that is primed for a massive rally.
The analyst pseudonymously known as Bluntz tells his 327,400 followers on X that Solana (SOL) is forming an ascending triangle pattern on the daily time frame and the resulting “breakout is going to be epic.”
According to the widely followed analyst, Solana is forming an ascending triangle pattern, which is typically considered a bullish pattern by technical analysts, after trading in a range for 36 days.
The pseudonymous analyst further says that Solana is also starting to break out against Bitcoin on the daily time frame after trading in a range for 166 days.
“I think we could see fireworks soon.”
Also bullish on Solana is the pseudonymous analyst Pentoshi. Pentoshi tells his 879,900 followers on X that Solana is set to rise against Ethereum over the short term, though he doesn’t think the sixth-largest crypto asset by market cap will reach a new all-time high against the leading smart contract platform Ethereum during the current cycle.
SOL is trading at $212 (0.001907 BTC) at time of writing, down by around 26% from its all-time high.
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