On October 23, 2023, an anonymous crypto analyst named Bluntz suggested that Solana (SOL) is gearing up for a substantial breakthrough. With a significant following of 225,200 on social media, Bluntz is confident that SOL is poised for growth against both Bitcoin (SOL/BTC) and the US dollar.

Bluntz’s optimism stems from SOL’s recent price movements, indicating that the cryptocurrency might be on the brink of a breakout when compared to Bitcoin. According to Bluntz, SOL has been in an accumulation phase for about a year, but it seems this phase is coming to an end. The analyst firmly believes that once SOL surpasses the $32 mark, it will trigger a significant upward shift, likening it to the opening of floodgates.

The analyst’s charts also highlighted positive indicators for SOL/BTC, showcasing higher-low patterns and SOL’s ascent above a diagonal resistance line.

Bluntz also shared positive insights on Ethereum (ETH), suggesting that ETH might be gearing up for a potential rally as it holds steady at the support level of $1,550 and forms a bullish higher-low pattern.

Meanwhile, Real Vision CEO Raoul Pal has been consistently optimistic about Solana ($SOL) throughout the year. He noted that SOL has seen a remarkable 171% increase in value this year. Pal also pointed out that the cryptocurrency is approaching a crucial inverse head and shoulders pattern at the $30 price point. If SOL successfully breaches this level, Pal anticipates the next significant resistance to be around $50.

Pal also highlighted SOL’s outperformance against Ethereum (ETH) and Bitcoin (BTC), adding another layer of positivity to his outlook for the cryptocurrency.

In his social media posts, Pal speculated that Solana might play a key role in transitioning the cryptocurrency market from what he terms as “Crypto Spring” to “Crypto Summer” by 2024.

As of the time of writing, SOL is trading at approximately $30.08, marking a 5.65% increase in the last 24 hours and a staggering 205.09% increase year-to-date.