Crypto Analyst Predicts This 'Ethereum Killer' Is Going To 'Gigasend,' Warns Against 'Bear Posters Fam'

Pseudonymous cryptocurrency analyst Bluntz said on Tuesday that Solana SOL/USD is expected to break out against Bitcoin BTC/USD soon, with its U.S. dollar pair likely to see significant rallies if this happens. 

What Happened: Bluntz believes it is only a matter of time before the 37-day range breaks, and when it does, “Ethereum ETH/USD killer” Solana’s price is expected to soar.

"SOL/BTC trying to break this most recent bull flag after chilling for a few days. When this 37-day range breaks, SOL is going to gigasend. It will probably be the steepest leg yet. Don't listen to the bear posters fam, they hate money."

While Solana is up 700% in 2021, it saw a drop of 2% in the last 24-hour timeframe. Bluntz views this as a correction.

Another analyst and trader, Deftsuo, provided a more bullish outlook on Solana. He stated "Solana looks about ready to break out above $80. The parabolic structure is present as well." Deftsuo also believes that there is not much resistance until Solana hits $100 if it breaks through the $80 mark.  

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: Recent data has shown that the search volume for the term "Solana" has experienced a significant surge on Google. According to The Block, the search volume for the term has increased by 250% over the past two months, rising from a score of 14 in early October to 49 in early December, on a scale that ranges from 0 to 100.

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