{"id":220886,"date":"2023-12-29T21:28:49","date_gmt":"2023-12-29T15:58:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=220886"},"modified":"2023-12-29T21:28:49","modified_gmt":"2023-12-29T15:58:49","slug":"ethereum-rival-thats-exploded-900-year-to-date-primed-to-go-higher-predicts-top-trader-here-is-his-target-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-rival-thats-exploded-900-year-to-date-primed-to-go-higher-predicts-top-trader-here-is-his-target-crypto-news\/","title":{"rendered":"Ethereum Rival That\u2019s Exploded 900%+ Year-to-Date Primed To Go Higher, Predicts Top Trader \u2013 Here Is His Target – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

A top crypto strategist says that one Ethereum (ETH<\/a>) competitor may be setting the stage for another explosive move to the upside.<\/p>\n

Pseudonymous trader Bluntz tells<\/a> his 233,800 followers on the social media platform X that Solana (SOL<\/a>) appears to be in the midst of an ABC corrective pattern.<\/p>\n

Bluntz utilizes the Elliott Wave theory in his technical analysis. The theory attempts to predict future price action by following crowd psychology that tends to manifest in waves. A bullish asset tends to witness an ABC correction wave before igniting the next leg up, according to the theory.<\/p>\n

\u201cLove seeing the SOL obituaries on the TL (X timeline). Can\u2019t wait to see the 20 million hedged tweets people will manage to rustle up from somewhere vaguely insinuating they called it when SOL turbo reverses to $140.\u201d<\/em><\/p>\n

Source: Bluntz\/X<\/figcaption><\/figure>\n

Solana is trading for $104.42 at time of writing, after starting off the year trading for under $10.<\/p>\n

The trader has remained bullish on Solana as SOL began dropping from a recent high of nearly $124. As SOL retraced to the $113 level, the trader predicted<\/a> SOL would eventually move to new local highs. However, it subsequently dipped temporarily below $100.<\/p>\n

\u201cNice little 12% dip there on SOL in a monster uptrend with a few more legs to go imo (in my opinion) on the BTC pair and USD pair. Don\u2019t fight the trend.\u201d<\/em><\/p>\n

\"Image\"
Source: Bluntz\/X<\/figcaption><\/figure>\n

The trader also suggests<\/a> that the ETH layer-2 scaling solution Arbitrum (ARB<\/a>) is about to take off after an ABC corrective wave.<\/p>\n

\u201cARB looks amazing here. In fact, so many charts do right now. We\u2019re so back.\u201d<\/em><\/p>\n

\"Image\"
Source: Bluntz\/X<\/figcaption><\/figure>\n

Arbitrum is trading for $1.44 at time of writing, down 10.5% in the last 24 hours.<\/p>\n

Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n

\n

Check Latest News Headlines<\/span><\/a><\/p>\n

&nbsp<\/p>\n

<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A top crypto strategist says that one Ethereum (ETH) competitor may be setting the stage for another explosive move to the upside. Pseudonymous trader Bluntz tells his 233,800 followers on the social media platform X that Solana (SOL) appears to be in the midst of an ABC corrective pattern. Bluntz utilizes the Elliott Wave theory […]<\/p>\n","protected":false},"author":2,"featured_media":220887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-220886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=220886"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220886\/revisions"}],"predecessor-version":[{"id":220893,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220886\/revisions\/220893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/220887"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=220886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=220886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=220886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}