A crypto strategist who nailed the Bitcoin\u2019s (BTC<\/a>) price floor during the 2018 bear market thinks Solana (SOL<\/a>) is gearing up for a steep move to the upside.<\/p>\n Pseudonymous analyst Bluntz tells his 234,400 followers on the social media platform X that Solana appears to be forming a bullish reversal pattern on the one-hour chart.<\/p>\n According to the analyst, he expects SOL to consolidate for a bit before launching a parabolic rally.<\/p>\n \u201cBeautiful rounded bottom forming on SOL.<\/em><\/p>\n Would not be surprised to see some high timeframe sideways on this before the next mind-blowing parabola leg.\u201d\u00a0<\/em><\/p>\n With Solana now trading well above the pattern\u2019s support, Bluntz predicts<\/a> an imminent rally for the fifth-largest altcoin by market cap.<\/p>\n \u201cNice move from the lows so far on SOL.<\/em><\/p>\n New highs soon.\u201d<\/em><\/p>\n At time of writing, SOL is trading for $107.40.<\/p>\n Next up, the trader is looking at the new layer-1 blockchain Sei (SEI<\/a>). According to Bluntz, SEI is shaping up to be one of this cycle\u2019s fastest horses after launching a nearly 400% rally in just a few months.<\/p>\n \u201cSEI is quickly turning into this cycle\u2019s outperformer.<\/em><\/p>\n Should definitely be on everyone\u2019s radar for pullbacks in 2024, in my opinion.\u201d<\/em><\/p>\n At time of writing, SEI is worth $0.711, up about 200% since the start of December.<\/p>\n Another altcoin on the trader\u2019s radar is Lido DAO (LDO<\/a>), a crypto project that aims to allow users to stake Ethereum (ETH<\/a>) without locking assets or maintaining infrastructure.<\/p>\n According to the analyst, LDO looks primed for a breakout on its US dollar pair while flashing a bullish reversal signal on its Bitcoin pair (LDO\/BTC).<\/p>\n \u201cI have a love\/hate relationship with <\/span>LDO<\/span> but I think it\u2019s finally going for the price discovery breakout. There\u2019s also weekly bullish divergence on the BTC pair.\u201d<\/span><\/em><\/p>\n At time of writing, LDO is worth $2.87.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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