One of the most respected crypto analysts has expressed a bullish outlook on an altcoin that is built using Solana, a smart contract platform.SOL).
Bluntz is a pseudonym for crypto-strategier Bluntz tells There are 247 700 followers of Myro on the social network platform X.MYROIt appears that he is following the path of Dogwifhat.WIFIt is a SOL-based asset.
MYRO, according to Bluntz who uses the Elliott Wave Theory in his analysis of technical data, is a MYRO. mirroring The price movement displayed by WIF a few days before the surge was about 80%.
Elliott Waves theory says that the major trend of a price moves through a five wave pattern, while corrections take place within a three wave pattern.
MYRO has a price of $0.405 and a daily gain of 9.6%, while WIF trades for $3.29. WIF moved for $1.87 in March 2012.
The analyst believes that MYRO may rise dramatically after the election. breaking out From a channel that descends.
“Not much time left before the MYRO god candle. Everyone’s going to be wishing they had bought some when the $0.45 all-time high breakout happens and it starts doing rapid multiples.”
Bluntz then moves onto Solana says It is expected to increase by double digits in value against Bitcoin and Ethereum (BTCEthereum ) (ETH( ) is a result of a downward sloping three-wave pattern for each of the two largest digital assets in terms market capital.
The analyst believes that Solana may record higher gains than the US dollar, while BTC could reach a six figure price sometime in this cycle.
“Expecting at least 60% higher against both cross pairs, all while I think BTC is going greater than $120,000 this cycle. I’ll let you draw your own conclusions as to where SOL/USD might be heading.”
Solana currently trades at $172, while Bitcoin is worth $72,917, and Ethereum, $3,950.
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Source: dailyhodl.com
