Analyst Bluntz, followed by the crypto market, said that Ethereum rival Solana showed significant recovery signals after the decrease in value. Bluntz said in his analysis that the positive divergence observed in Solana’s daily graph indicated that the purchase momentum of the purchase momentum was strengthened. At the same time, the asset depreciated by 64 %in this decrease process and graphic formations are worth watching for investors.
Rise signal
Bluntz, Solana’s daily graph, positive Diverjans (incompatibility) formation, and this situation is increasing the procurement pressure, he said. This technique indicates that despite the decline in the price of the asset, investors may tend to purchase.
It is important that he has given this signal before the tariff news came, because the left coin turned his direction up with the others and earned a 13 %profit from the bottom and returned to the $ 120 threshold.
Left/BTC Review
Analyst suggested that Solana could perform better than Bitcoin at the beginning of the recovery in the market. In weekly graphics analysis, it was observed that the left/BTC parity completed ABC correction, and local bottom levels may have been approached.
Bluntz: “Today I started the process of recruitment for the names of the recovery. SOL, HYPE and similar assets have been observed positive incompatibility.
Analyst said that a five wavy rise can be realized after ABC correction by reference to Elliott wave theory in technical analysis. This approach offers remarkable clues about the future movements of the being. For now, the predictions before the rise have found their replacement.
According to the data during the analysis, the left/BTC parity was about 0.00139 BTC level, which corresponds to approximately $ 105. This data can be considered as an indicator that supports the analyst’s graphical evaluations.
In these evaluations, it is seen that the analyst’s approach offers additional data in the interpretation of market trends. The traced technical indicators can help in determining the purchase potential for investors; However, detailed research is important.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
