A crypto strategist who precisely timed Solana’s (SOL) meltdown this yr thinks the subsequent few years won’t be type to the favored layer-1 protocol.
Pseudonymous analyst Bluntz tells his 318,400 followers on the social media platform X that he believes SOL will spend the subsequent two years in deep bear territory.
Whereas Bluntz is long-term bearish on SOL, he predicts that the altcoin will witness counter-trend rallies within the coming months however notes that the surges will seemingly arrange Solana for an excellent deeper drawdown.
“SOL now down 57% from the highs.
Now that it’s cool to hate it once more, I can share my ideas with out having to fret about getting roasted by pleb reply guys.
The rise/bull market lasted 762 days, the bear, (AT MINIMUM) will seemingly final about 70% or so in time. Greatest case, this drags out to mid-2026 and within the worst case, finish of 2026.
This transfer thus far is probably going an A wave and sooner or later there’ll in all probability be a really gradual drawn-out complacency shoulder up that almost all will mistake for a brand new bull market.”
Bluntz makes use of the Elliott Wave principle in his evaluation, which states that an asset will undergo an ABC correction after finishing a five-wave surge.
Wanting on the dealer’s chart, he appears to recommend that SOL will finish its A-wave pullback as soon as it goes beneath $100. He additionally predicts that SOL will kick off a counter-trend B-wave rally en path to $200 by early 2026 earlier than crashing to round $80 in 2027 for the C-wave correction.
At that time, Bluntz predicts that SOL will launch a brand new five-wave rally that might see Solana buying and selling above $300 in 2028.
At time of writing, SOL is value $118.10, down practically 7% on the day.
Turning the US Greenback Index (DXY), a benchmark of the worth of the US greenback in comparison with a basket of six main currencies, Bluntz says that 2025 will likely be a horrible yr for the dominant international reserve asset.
“DXY getting completely murdered this week in all probability continues all through the entire of 2025 in my view.”
Based mostly on the dealer’s chart, he seems to recommend that the DXY is now within the midst of a C-wave correction that might take the index beneath 100 factors.
At time of writing, the DXY is buying and selling at 103.84 factors.
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