An anonymous analyst known as Bluntz is making a bold prediction about Solana (SOL), a competitor to Ethereum (ETH). Bluntz, who has a large following of 256,800 on the social media platform X, suggests that SOL is on the verge of experiencing a significant breakout. According to Bluntz, SOL’s four-hour chart displays a bullish pattern with higher lows, indicating a potential surge in price. He confidently states, “SOL gearing up for a violent breakout here in my opinion.”

Bluntz also incorporates Elliott Wave theory into his analysis. This theory suggests that a bullish asset often sees a new upward movement after a three-part ABC correction. By examining the chart, Bluntz suggests that SOL has completed the ABC correction after retesting the $120 level.

At the time of writing, Solana is trading at $159, showing a more than 3% increase in the last 24 hours.

Moving on to another cryptocurrency, Bluntz focuses on Pepe (PEPE) and identifies a bullish uptrend. After rebounding from a key Fibonacci level at $0.000004454, Bluntz believes that Pepe’s chart is the most promising compared to other top memecoins. He explains, “[Pepe] has already cleared and reclaimed the (a) wave lows after turbo V reversing from the major 0.618 [Fibonacci level].”

Analyzing the chart, Bluntz suggests that Pepe could surpass the $0.000013 level.

Currently, Pepe is trading at $0.000007721, showing a significant increase of more than 14% in the last 24 hours.

To stay updated with the latest news and developments in the cryptocurrency market, it is recommended to subscribe to The Daily Hodl for email alerts. Additionally, readers can follow The Daily Hodl on Twitter, Facebook, and Telegram or check out The Daily Hodl Mix for a diverse range of content.

Disclaimer: The opinions expressed in articles published by The Daily Hodl are not intended as investment advice. It is advisable for investors to conduct their own research and due diligence before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Please be aware that any transfers or trades made are done at your own risk, and you are solely responsible for any losses incurred. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it act as an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.