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Top Crypto Analyst Says Two Altcoins Primed To Explode by Over 80%, Updates Outlook on Bitcoin and Ethereum

source-logo  dailyhodl.com 16 December 2023 10:04, UTC
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A trader who accurately called Bitcoin’s ($BTC) 2018 price floor is predicting massive moves to the upside for two top 50 altcoins.

Starting with Solana ($SOL), the analyst and trader pseudonymously known as Bluntz tells his 232,000 followers on the social media platform X that the sixth-largest crypto asset by market cap will surge in value against Bitcoin ($SOL/$BTC).

According to the analyst, the bullish $SOL/$BTC chart indicates that Solana will likely soar against the US dollar.

This was another banger $SOL/$BTC picolow call. Since the original post, it has rallied impulsively from the low in five waves and has now done yet another ABC down. $SOL/$BTC is about to full send in my opinion.

I have no idea where USD pair goes in terms of levels, but I genuinely think it will be $140+.”

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Source: Bluntz/X

Solana is trading at $73.65 at time of writing and would need to appreciate by over 90% to hit the target of at least $140.

Turning to the governance token of the decentralized finance (DeFi) lending protocol Aave ($AAVE), Bluntz says that the 50th-largest altcoin by market cap looks poised for a big breakout rally.

“Monster three-day candle on $AAVE. Legit gearing up to gigasend.

Plenty of juice in the tank in my opinion, shouldn’t be aiming for anything less than $200 in my opinion.”

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Source: Bluntz/X

$AAVE is trading at $108.13 at time of writing and would need to go up by 85% to reach a target of $200.

On Bitcoin and Ethereum (ETH), Bluntz says he’s now bullish on the two crypto assets after initially expressing reservations. Initially, the pseudonymous crypto analyst had warned of a possible downward move for Bitcoin and Ethereum after the two leading crypto assets pulled back from their ascending channel highs.

“Overnight price action made me do a 180 on this take. Sh*t looks bullish as f**k again.”

Source: Bluntz/X
Source: Bluntz/X

Bitcoin is trading at $42,113 at time of writing while Ethereum is worth $2,244.

Generated Image: DALLE3

dailyhodl.com