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A pseudonymous analyst known for making timely crypto calls says one Ethereum rival is entering a major uptrend. In a post on X, Bluntz—who has 338,800 followers—argued that Solana (SOL) is likely starting a five-wave move higher after reclaiming the $90 range.
Bluntz applies Elliott Wave theory, which holds that after an ABC correction, a bullish asset often follows with a five-wave rally. He said the “early stages of SOL accumulation” appear to have ended following a strong daily breakout.
According to the analyst, investors bought SOL over the prior five weeks while it traded in a choppy $70 to $80 range, setting up the move above $90.
Bluntz described the current phase as the beginning of a “markup phase,” saying SOL looks like it has broken out of a five-week accumulation period.
He also pointed to Ethereum (ETH), noting that it may have entered an uptrend after breaking above $2,129. In his view, both assets have “firmly broken out with conviction.”
Bluntz forecast that SOL could rise to more than $200 later this year and reach $450 in 2027, framing the move as the start of a broader upward trend.
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