Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

An analyst known for being crowned as a “Master Trader” on the crypto exchange Bybit believes that a huge upside move is in sight for one Solana (SOL) rival.

Pseudonymous analyst Bluntz tells his 321,600 followers on the social media platform X that the native asset of the layer-1 protocol Sui (SUI) is in the midst of a new five-wave rally after completing an ABC correction.

The trader utilizes the Elliott Wave theory in his technical analysis. The theory states that a bullish asset tends to witness a five-wave surge after completing an ABC pullback.

Says Bluntz,

“A lot of alts starting to look crazy good here, SUI definitely one of them.”

Source: Bluntz/X

Based on the trader’s chart, he seems to predict that SUI will hit $5.50, a 98% increase from its current value of $2.77.

Another altcoin on the trader’s radar is the Solana-based decentralized oracle Pyth Network (PYTH). According to Bluntz, PYTH is flashing a bullish divergence on the weekly chart, indicating that a massive bullish reversal is in play.

“Liking PYTH here, Solana ecosystem is so utterly rekt it could easily 2x in the blink of an eye.

High timeframe bull divergence everywhere as far as the eye can see.”

Source: Bluntz/X

At time of writing, PYTH is worth $0.105.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin appeared first on The Daily Hodl.

6.67K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.