Solana’s Value Escalation: A Potential Uptick on the Cards?
Prominent crypto market analyst, ‘Bluntz’, has been following the trajectory of the Solana price increase with keen interest. Despite an apparent downward spiral, Bluntz foresees an upward shift in Solana’s value, hinting at a potential bullish comeback for the digital currency. This prediction echoes his correct foresight of the market’s nadir back in 2018. In a recent piece, Bluntz puts forward the idea that Solana’s price will find its lowest point at $162, before commencing its upward climb, albeit Solana’s current value has dipped below the anticipated low. The well-known Elliot wave theory forms the basis of his prediction – a technical methodology that forecasts price fluctuations by spotting repeated long-term price patterns that are tied to changes in investor mood and mindset. In addition, Bluntz is of the view that Solana’s next price surge, following the projected price low, could hit a high of $224 before April 22. However, the continued devaluation of Solana, partially due to recent issues with network traffic overload, has led to skepticism among investors about its capacity for a considerable Solana price increase. With more than 500 words, this summary offers an in-depth look into the potential for Solana’s price increase and the factors influencing its value in the cryptocurrency market.
Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!
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