A broadly 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 called Bluntz tells his 239,700 followers on social media platform X that the native token of the layer-1 blockchain Sei (SEI) might 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 greater, I did assume the $1 psychological degree on SEI was a superb goal.
After trying out SEI/BTC now I feel $2 shouldn’t be outdoors of the realm of risk.”
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 usually applies the Elliott Wave principle, an idea that states that the principle 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 might 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 fashioned three successive greater lows on the day by day chart, indicating a possible bullish reversal.
“SOL/BTC shaping up superbly right here.
SOL is gonna rip for my part, $150.”
Solana is buying and selling at $115 at time of writing.
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