The cryptocurrency analyst, known for accurately calling Bitcoin’s 2018 bear market bottom, remains optimistic about Solana (SOL) despite its recent steep decline. Bluntz foresees a potential twofold increase in SOL’s value, even after the altcoin surged more than twelvefold since the year began.
Bluntz, an anonymous crypto expert active on the social platform X (previously Twitter), pointed out Solana’s quick rebound after dropping to $68.06, considering it the swiftest recovery among high-volume altcoins. The analyst noted SOL’s remarkable bounce-back compared to other top 10 cryptocurrencies, attributing the recent correction to clearing out over-leveraged traders and setting the stage for a positive week closure.
Digging deeper into SOL’s trajectory, Bluntz emphasized that the altcoin’s uptrend remains robust. Anticipating a rise beyond $150, the analyst suggested that the recent dip below $51 might mark the onset of SOL’s most significant rally yet, expressing confidence in further upward potential.
As of the article’s writing, SOL trades at $70.94, showing a 1.88% increase in the last 24 hours. Should the altcoin reach the analyst’s projected target, it would signify an approximate 100% surge, effectively doubling its current value.
