A top crypto strategist who’s been making timely altcoin calls as of late thinks that one Ethereum (ETH) challenger is close to printing a local bottom.
Pseudonymous analyst Bluntz tells his 254,000 followers on the social media platform X that he’s bullish on Solana (SOL).
According to the top trader, he sees Solana carving a bottom against Bitcoin (SOL/BTC) at around 0.0025 BTC ($179.57) before igniting fresh rallies.
“SOL/BTC super close to putting in a bottom in my opinion, just needs to sweep these lows one last time on hourly to put in that five of C.”
Source: Bluntz/X
Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a new leg up after completing an ABC corrective wave. Looking at the trader’s chart, he seems to suggest that the C wave is about to end soon, paving the way for a rally above 0.003 BTC ($215).
At time of writing, SOL/BTC is trading for 0.002519 BTC ($180.94).
As for Solana against the US dollar, Bl
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