Analyst Says Solana Is in a ‘Monster Uptrend’ Despite Recent Struggles, Reveals Next SOL Price Target 

Solana saw its price rise over 7% as a part of its recovery move after failing to break past $63 resistance four days ago. After the rejection, the altcoin dropped to around $51 over a three-day period. However, crypto analyst Bluntz maintained SOL is still in a “monster uptrend.”

Two days ago, Bluntz told his 200k+ followers not to worry about Solana’s pullback. He believes the sell-off allowed weak hands to be “washed out” and SOL to complete a healthy three-wave correction.

Now that Solana has reclaimed its former resistance around $56 as support, Bluntz expects the next leg up to begin soon. With SOL’s price currently around $62, he is targeting $70 for the leading smart contract platform’s next major upside level.

According to Bluntz, Solana remains in a powerful uptrend against Bitcoin, even amid the recent correction. This underscores his bullish outlook on SOL despite its struggles to break out above $63 so far.

Read also:

With the crypto market heating up again, Bluntz believes Solana’s monster bull run still has room to run. His analysis suggests patience will pay off for those betting on Solana to continue outpacing Bitcoin and lead altcoins higher.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Julian Joseph Lehmann