It has been revealed that we can expect to see Solana racing in price soon. Check out the latest prediitons about the digital asset below.
SOL new price prediction is out
A crypto trader who correctly predicted the lowest point of Bitcoin’s bear market in 2018 is now forecasting that Solana (SOL) will easily surpass $100.
The analyst, who goes by the pseudonym Bluntz on X social media platform, believes that Solana, a competitor to Ethereum (ETH), will likely experience a rise of over 218% from its current value after a prolonged accumulation phase.
“These high timeframe accumulation breaks after 90% drawdowns are the things dreams are made of. No high time frame resistance in my opinion until $137 on SOL.”
He also says that Solana is showing bullish momentum after breaking out of a downward channel.
“SOL baby let’s go. LTF (low time frame) accumulation and channel breakout.”
The trader, Bluntz, has shared their analysis on Lido DAO’s (LDO) liquid-staking service. Bluntz suggests that the LDO/BTC pair may have already hit a cycle low.
While trying to remain objective and not overly optimistic, they believe it is likely that this is the bottom of the cycle against BTC.
Looking at LDO/USD, Bluntz notes that the pair shows a bullish setup on the four-hour chart.
“LDO consolidating above the prior high, gearing up for the next markup in my opinion. I really like this setup. LDO/BTC ended up closing the week as a very nice engulfing as well.”
Raoul Pal addresses the fate of SOL
Raoul Pal, a respected macro expert, is confidently predicting a reasonable price range for Solana (SOL) during the upcoming bull market.
In a recent interview on the Crypto Banter YouTube channel, the former Goldman Sachs executive boldly stated that the smart contract platform is poised for a tremendous price surge of between 1,097% and 2,294% from its current levels.
