‘We’re Back, Baby’ – Analyst Flips Bullish on Solana (SOL), Hints at Altcoins Outperforming Bitcoin (BTC)
An analyst known for attaining the “Master Trader” rank on the crypto exchange Bybit believes that rallies are in sight for Solana (SOL). Pseudonymous analyst Bluntz tells his 321,400 followers on the social media platform X that he’s now bullish on the native asset of the layer-1 protocol after moving above a diagonal resistance that has kept SOL bearish since late May. The trader thinks that Solana and other coins operating on its network will witness rallies this week, at the very least. “Nice downtrend break on SOL overnight, I think we’re in for a good week [this] week. SOL ecosystem [coins] also starting to perk up and look real good again. I think we’re back, baby.” Source: Bluntz/X At time of writing, SOL is worth $152. One Solana coin that’s on the trader’s radar is the non-fungible token (NFT) project Pudgy Penguins (PENGU). According to the analyst, PENGU looks primed to surge after breaking out f...