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.”
[adinserter block="1"]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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