The crypto strategist pseudonymously known as Bluntz tells his 229,400 followers on the social media platform X that Polygon has more upside potential.
Bluntz says that Polygon witnessed an “immaculate vertical accumulation” over the weekend – or a series of higher highs and higher lows which typically signifies a bullish trend.
The analyst shares a chart that shows MATIC surging to his target of $1.
“Plenty of juice in the tank in my opinion, would be targeting at least new highs.”
Polygon is trading at $0.777 at time of writing, up over 4% in the past day.
“Saw a lot of BTC doom and gloom posts but the fact is, it’s still ranging and contracting in three-wave moves.
My bias is this breaks up and today’s flush was the final E wave of a triangle.”
Bitcoin is trading at $37,310 at time of writing, up over 2% in the last 24 hours.
Next up is Ethereum. Bluntz says that the second-largest crypto asset by market cap could witness a strong burst to the upside if it manages to take out a key resistance level that has held for over a year.
“I don’t know exactly when this $2,180 ETH resistance gives way but when it does, it will be 525 days of pent-up frustration ready to blow.”
Ethereum is trading at $2,062 at time of writing.
As for Solana (SOL), the pseudonymous strategist says that the sixth-largest crypto asset by market cap is primed to print a new 2023 high after completing an ABC correction and respecting support at around $51 despite flashing a potential breakdown from a head and shoulders reversal pattern.
“I think head and shoulder bros are about to get baited big time on SOL.”
Solana is trading at $57.96 at time of writing, well above the bottom of the recent corrective move.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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