A widely followed cryptocurrency analyst and trader is leaning on a memecoin while giving his predictions on two layer 1 altcoins.
The pseudonymous analyst known as Bluntz tells his 287,700 followers on social media platform X that Dogecoin (DOGE) is “still turbo strong.”
Based on Bluntz’s chart on a four-hour time frame, it appears that the pseudonymous analyst is suggesting that Dogecoin could skyrocket almost 60% to a price of $0.22.
At the time of writing, Dogecoin is trading at $0.138, up over 20% over the past two weeks.
The widely followed analyst further states:
“Dogecoin is the new leader in the mega large cap market.
You may not have realized it yet, but you will soon.
Next up is Solana (SOL). Bluntz says that despite the recent bearish sentiment in the crypto market, Solana has only declined slightly and has not fallen below a major resistance level that it recently overcame on the daily time frame, an indication of his strength.
“The risks of counterfeiting are decreasing day by day.”
Solana is trading at $166 at the time of writing.
The next step is Sui (SUI). The pseudonymous analyst who regularly applies Elliott Wave theory in his technical analysis says Sui could be on the verge of hitting a new all-time high in a five-wave pattern after a correction. According to Elliott Wave Theory, the main price trend of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
Based on Bluntz’s chart, it appears that the analyst is suggesting that Sui could reach a price of $2.80, approximately 48% above the current price.
Sui is trading at $1.89 at the time of writing.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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