June 30, 2025
An analyst known for achieving the 'Master Trader' rating on the Bybit cryptocurrency exchange believes that highs are in sight for Solana (SOL).
The pseudonymous analyst Bluntz told his 321,400 followers on the social media platform X that he is now optimistic about the native asset of the layer 1 protocol after breaking through a diagonal resistance that kept SOL bearish since late May.
The trader believes that Solana and other coins operating on its network will witness highs this week, at least.
"Good break of bearish trend in SOL overnight, I think we will have a good week [this] week. The SOL ecosystem [coins] is also starting to get excited and looks very good again.
"We're back, dear" – Optimistic analyst with Solana (SOL), suggests that altcoins outperform Bitcoin.
An analyst known for achieving the 'Master Trader' rating on the Bybit cryptocurrency exchange believes that highs are in sight for Solana (SOL).
The pseudonymous analyst Bluntz told his 321,400 followers on the social media platform X that he is now optimistic about the native asset of the layer 1 protocol after breaking through a diagonal resistance that kept SOL bearish since late May.
The trader believes that Solana and other coins operating on its network will witness highs this week, at least.
"Good break of bearish trend in SOL overnight, I think we will have a good week [this] week. The SOL ecosystem [coins] is also starting to get excited and looks very good.
At the time this article was written, SOL was worth $152.
A Solana coin that is on traders' radar is the non-fungible token (NFT) project Pudgy Penguins (PENGU). According to the analyst, PENGU seems ready to rise after breaking out of a descending wedge pattern, which is a bullish reversal pattern.
"A real monster in PENGU here overnight.
Based on the trader's chart, he seems to predict that PENGU will reach $0.025. At the time of writing this text, PENGU is worth $0.014, a rise of over 6% in the last day.
While Bluntz remains optimistic about Solana and PENGU, he also suggests that altcoins are about to outperform Bitcoin (BTC). The trader shares the Bitcoin Dominance (BTC.D) chart, which tracks the market value share of cryptocurrencies belonging to BTC.
Based on the trader's chart, he seems to suggest that BTC.D is showing a bearish divergence on the three-day chart, indicating that a bearish reversal is underway. A bearish chart of BTC.D indicates that altcoins are appreciating faster than Bitcoin.
