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Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Dec 20, 2023 06:20 UTC
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Crypto Analyst Predicts Bullish Shift for Chainlink & Solana: Here Are the Price Targets!
Based on technical analysis, expert sees Chainlink reaching $20 (37% increase) and Solana surging higher against Bitcoin
Bluntz bases his predictions on the Elliott Wave theory, which looks for patterns in investor psychology.
Invest at your own risk and always do your own research before making decisions.
Bluntz, the insightful analyst renowned for his accurate forecast of the 2018 Bitcoin bear market bottom, is once again capturing attention with his latest bullish outlook. This time, he casts a keen eye on Chainlink (LINK) and Solana (SOL), revealing compelling signs from the eight-hour chart that could set these altcoins on an upward trajectory.
Chainlink’s Bullish Signals
Looking closely at the eight-hour chart, Bluntz sees several encouraging signs for Chainlink. He mentions that LINK has recently completed a key fifth wave drop, which indicates a bullish shift.
Using the Elliott Wave theory—a method based on crowd psychology shown in wave patterns—Bluntz believes Chainlink has likely reached a significant low in its fourth wave. He confidently predicts a rise to $20, a level last seen in January 2022, stating, “RIP anyone who capitulated.”
Currently, LINK is priced at $14.27, suggesting a possible increase of over 37% if it reaches Bluntz’s target.
Also Read: Chainlink Gains Momentum; LINK Price Poised To Hit $25 In Next 6 Months
Solana’s Impending Breakout
Turning to Solana, Bluntz believes the altcoin is getting ready for a surge against Bitcoin, hinting at strong gains in its US dollar value. He notes that Solana’s SOL/BTC chart shows an attempt to break a bullish pattern after a short consolidation.
He anticipates that when the 37-day range breaks, Solana could experience a significant upward movement, potentially the steepest leg yet. Further, Bluntz projects Solana’s trajectory reaching heights of approximately $85.
Currently, SOL is trading at $74.73, setting the stage for the potential growth Bluntz anticipates.
Read More: Solana Price Continues To Battle With Bears! Will SOL Price Conclude The Month Positively?
Expert Insights in Play
Bluntz’s solid reputation for understanding crypto market trends adds weight to these forecasts. As the crypto community watches the developments for Chainlink and Solana, a key question remains: will Bluntz guide investors to success once again? Nevertheless, never forget to do your own research and risk analysis! Stay aware, stay safe.
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