A crypto strategist known for his timely altcoin predictions believes that the native asset of a Layer 1 project is preparing for its first uptrend.
Top trader Bluntz tells his 275,200 followers on social media platform X that Saga (SAGA) looks set to spark big rallies after breaking out of an inverse head and shoulders (IHS) pattern.
An IHS is generally considered a bullish reversal pattern because it indicates that investors are no longer waiting for the price to revisit its lows before accumulating the asset.
Bluntz says:
“I still think SAGA has one of the best mid-cap structures in the $200 million range and a fairly new play with no initial run yet.
Huge breakout of IHS bottom with volume.
“Easy multiples, in my opinion.”
At the time of writing, SAGA is worth $2.46 with a market cap of over $251 million.
Bluntz is also bullish on the Binance Smart Chain-based memecoin Simon’s Cat (CAT). According to the top trader, CAT will be the most important feline memecoin of this bull cycle, as he believes the cryptocurrency will reach a market cap of $1 billion.
“Everyone thinks POPCAT will be the winning cat piece of this cycle, but I disagree, I think CAT will be.
Simon’s Cat is widely recognized by normies and the ranking is gearing up for a major breakthrough in the chains, in my opinion.
“CAT for a billy is coded.”
At the time of writing, CAT is trading at $0.000042 with a market cap of $285 million.
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