Solana prepares for strong growth

A cryptocurrency strategist known as Bluntz tells his 239,500 followers on Platform X that Solana SOL $187.71 Solana -0.08% Market capitalization $88.52 billion VOL. 24 hours $0.87 billion is likely in the midst of a third wave of a bull rally. The trader shares a chart that suggests SOL could reach a price level last seen back in January 2022.

«It looks like SOL is also looking strong right now, with a third wave to $ 150 and higher. There were more bids for $ 90 that didn’t reach the level, so it ended up not being filled as much as I would have liked, but it’s still my biggest spot bag,» the crypto expert writes.

According to the analytical tracker CoinMarketCap, at the time of writing, SOL is trading at $ 106 with a market capitalization of $ 46.4 billion. Traders have made daily trading deals worth $ 1.5 billion.

Bluntz is also watching the price action of Solana’s competitor Sei (SEI). According to the analyst, Sei seems to be in the final stage of its five-wave rise and could reach a new all-time high above $ 1.

«In my opinion, the SEI token has already consolidated enough, but it has not yet reached the macro-fifth wave higher on the daily chart.

Thepsychological zone of $ 1 is the next stop, potentially even higher," the crypto asset strategist emphasized.

As a reminder, Rekt Capital’s crypto analyst recently expressed optimism about SOL’s potential for significant growth. The expert emphasized the importance of the coin’s potential drop to $ 98.98, suggesting that such events could serve as an opportunity to update the old range low. This, in turn, could pave the way for a potential rally, with a target of $ 115.