Crypto Analyst Predicts Difficult Years Ahead for Solana (SOL)

A crypto strategist who accurately timed Solana’s (SOL) downturn this year believes the next few years will not be favorable for the popular layer-1 protocol.

Pseudonymous analyst Bluntz shared his thoughts with his 318,400 followers on X, stating that he anticipates SOL will remain in deep bear territory for the next two years. While he maintains a long-term bearish outlook, he expects the altcoin to experience counter-trend rallies in the coming months, which could result in even deeper drawdowns.

> “SOL now down 57% from the highs.
>
> Now that it’s cool to hate it again, I can share my thoughts without fear of being roasted by pleb reply guys.
>
> The rise/bull market lasted 762 days; the bear will likely last about 70% of that time. Best case, this stretches to mid-2026, worst case, end of 2026.
>
> This move is likely an A wave, and there will probably be a slow drawn-out complacency that most will mistake for a new bull market.”

Bluntz employs the Elliott Wave theory in his analysis, which posits that after a five-wave surge, assets typically go through an ABC correction.

From his chart analysis, it seems that SOL may complete its A-wave pullback once it falls below $100. He predicts that a counter-trend B-wave rally will push SOL to $200 by early 2026, before a drop to around $80 for the C-wave correction in 2027.

At that point, he foresees SOL launching a new five-wave rally that could see it trade above $300 by 2028. As of the latest update, SOL is valued at $118.10, having decreased nearly 7% on the day.

Regarding the US Dollar Index (DXY), a measure of the dollar’s value against six major currencies, Bluntz states that 2025 will likely be a terrible year for this dominant asset.

> “DXY getting absolutely murdered this week probably continues throughout 2025, in my opinion.”

His chart analysis indicates that the DXY is currently undergoing a C-wave correction, which could see the index dip below 100 points. At present, the DXY is trading at 103.84 points.

Source: Bluntz/X