A prominent cryptocurrency strategist who has been bullish on Solana (SOL) for the past year has suddenly turned bearish on the Ethereum (ETH) rival. In a recent video, the analyst known as Bluntz, with a following of 259,600 on the social media platform X, suggests that Solana has completed a five-wave rally according to the Elliott Wave theory. This theory analyzes crowd psychology and predicts future price movements in waves. According to Bluntz, SOL has been displaying bearish patterns since reaching its recent high of around $210 in March. The analyst believes that there is a high probability that SOL will form a macro lower high at $188 and experience a corrective period, potentially dropping to $80. As of now, SOL is trading at $165.