A extensively adopted cryptocurrency analyst and dealer is predicting extra upside for an altcoin that has soared by triple digits over the previous couple of months.
The analyst pseudonymously often known as Bluntz tells his 239,700 followers on social media platform X that the native token of the layer-1 blockchain Sei (SEI) may skyrocket by roughly 152% from the present degree based mostly on the value motion of the altcoin’s Bitcoin (BTC) pair.
“SEI simply retains consolidating then breaking larger, I did assume the $1 psychological degree on SEI was goal.
After trying out SEI/BTC now I feel $2 isn’t outdoors of the realm of chance.”
Based mostly on the analyst’s chart, it seems that SEI’s US greenback pair has damaged out of a descending trendline on the one-hour chart. On the SEI/BTC pair, it seems that SEI has accomplished a three-wave sample inside a bigger five-wave sample.
Bluntz frequently applies the Elliott Wave concept, an idea that states that the primary development of the value of an asset strikes in a five-wave sample whereas a corrective development happens in a three-wave sample, in his technical evaluation.
SEI is buying and selling at $0.794 at time of writing, up by round 426% from a value of $0.151 recorded on November fifteenth of 2023.
Turning to Solana (SOL), Bluntz says that the fifth-largest crypto asset by market cap may go up by roughly 30% from the present degree based mostly on the value motion of SOL’s Bitcoin pair.
Based mostly on Bluntz’s chart, it seems that the SOL/BTC pair has shaped three successive larger lows on the each day chart, indicating a possible bullish reversal.
“SOL/BTC shaping up fantastically right here.
SOL is gonna rip for my part, $150.”
Solana is buying and selling at $115 at time of writing.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Verify Value Motion
Observe us on Twitter, Fb and Telegram
Surf The Every day Hodl Combine
Verify Newest Information Headlines
 
Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in affiliate internet marketing.
Generated Picture: DALLE3
