Solana

Rise

The cryptocurrency analyst known for accurately predicting the bottom of <a href="https://en.coin-turk.com/santiments-critical-report-bitcoin-holders-continue-to-add-to-their-accumulation/" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://en.coin-turk.com/tether-ceo-highlights-cryptocurrency-success-amid-mainstream-media-silence/" data-wpel-link="internal">BTC</a>) 2018 bear market, Bluntz, continues to anticipate a rise in Solana (SOL) despite the recent sharp decline. The analyst expects at least a twofold increase in the altcoin, which has seen its price increase more than twelvefold since the beginning of the year. 
<h2 style="text-align: justify" id="strong-the-quick-recovery-of-solana-catches-the-analyst-s-eye-strong">The Quick Recovery of Solana Catches the Analyst’s Eye</h2> 
The anonymous cryptocurrency analyst Bluntz highlighted to his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X (formerly known as Twitter) that Solana’s SOL was the fastest to recover among the highest volume altcoins after pulling back to its lowest level in 24 hours at $68.06. The analyst noted “Surprise, surprise,” stating that SOL was the fastest to bounce back among the top 10 cryptocurrencies. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-287939" src="https://coin-turk.com/wp-content/uploads/2023/12/SOL-Altcoin-Solana.jpeg" alt="" width="1995" height="916"> 
According to the experienced cryptocurrency analyst, the correction shook out over-leveraged traders and ejected them from the market, placing SOL and the rest of the cryptocurrency market in a position to close the week on a high note: 
<blockquote> 
 All open interest was wiped out with the sharp drop following the weekly close. Such an event was necessary. I think we’ll close this week on a high. 
</blockquote> 
<h2 style="text-align: justify" id="strong-expecting-sol-to-surpass-150-strong">Expecting SOL to Surpass $150</h2> 
Taking a closer look at SOL, Bluntz mentioned that the altcoin’s uptrend is far from over. The analyst shared a chart showing SOL reaching $150 and added the following note: 
<blockquote> 
 I believe this leg of SOL below $51 will be the biggest rally phase we’ve seen so far. I won’t even start to explain how I saw this from the bottom, you wouldn’t believe me. I think there’s still plenty of fuel in the tank for a rise. 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-287945" src="https://coin-turk.com/wp-content/uploads/2023/12/Altcoin-SOL-Solana.jpeg" alt="" width="1996" height="862"> 
At the time of writing this article, SOL is trading at $70.94, up 1.88% in the last 24 hours. The price of the altcoin reaching the target level indicated by the analyst means an approximate 100% increase, in other words, a twofold rise. Continue Reading: <a href="https://en.coin-turk.com/insights-from-a-crypto-analyst-the-resilient-rise-of-solana/" data-wpel-link="internal">https://en.coin-turk.com/insights-from-a-crypto-analyst-the-resilient-rise-of-solana/</a>

Insights from a Crypto Analyst: The Resilient Rise of Solana

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