Analyst predicts solana to hit $80, traders backing TGC
One analyst is convinced that the recent Solana (SOL) pullback is over, and the coin will continue making new highs. When writing this, SOL is trading at $54, down 2.1% today and 1.6% this week.
Meanwhile, another expert predicts TG Casino to surge after the presale hits $3 million. The team has also announced a long-term roadmap.
SOL to soar past $80?
According to analyst Bluntz, SOL’s upside momentum is strong and will likely break $80 in the sessions ahead.
The trader referenced several technical analysis theories relating to market structure, including Elliott Waves and support and resistance.
Bluntz believes that Solana is gearing up for an “impulsive” wave. This describes a strong move in the asset’s overarching trend direction, which follows a correction.
“I do think the SOL dip is over,” said Bluntz. The reason is that it has a 5-wave dip and failed to break the support or “neckline” of its current uptrend.
The combination of its completed 5-wave move and the price still holding above the neckline indicates sellers are exhausted, enabling buyers to take control.
Another reason the analyst believes Solana could explode is its relative strength against Bitcoin (BTC).
Bluntz speculates Solana could be the “fastest horse” because it displays identical waves against BTC as against USD.
Essentially, the analyst believes that if Solana rises against USD, it will also outpace Bitcoin.
He states this could lead Solana to $80 or above in the coming weeks. However, the chart implies it could climb much higher.
Blutz said:
“I do think we’re going to continue making new highs and continue making three-wave pullbacks and continue higher. And then, once this structure looks complete and it looks like five of five [waves] has completed, marking from this very first wave down here, that’s when I might start to get worried. But at least for now, looking at this on the daily, I think this still has plenty of juice left in the tank, and I think we’re probably hitting $80+ in this next leg, and we’ll reassess when we get there.”
From its current price, this would equate to a 48% increase. Even so, some analysts believe TG Casino could outpace Solana going forward.
TGC presale exceeds $3 million, team announces 9-month roadmap
TG Casino is a Telegram-based gaming platform that requires no know-your-customer (KYC) verification to get started.
It offers countless user-experience advantages over competitors.
The Crypto News YouTube channel backed the token.
Meanwhile, X analyst Little Mustacho believes it could usurp Rollbit.
Given TG Casino’s fully diluted market cap at launch will be just $12 million, and Rollbit holds a $570 million market cap, this primes TG Casino for more upside potential.
The project has hundreds of games and sportsbook events for users to gamble on, and it captures value through TGC, its native token, which offers numerous utilities to holders.
For instance, it provides free rewards, 25% cashback on losses, access to exclusive games and rooms and a 191% staking APY.
Moreover, the TG Casino team recently announced a six– to nine-month roadmap highlighting its goals and growth strategies.
The roadmap includes marketing, exchange listings, additional recruitment, airdrops, community rewards, token buyback and burns, ecosystem expansion, partnerships, and more.
In the ongoing presale, investors can buy TGC for $0.17.
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