A popular crypto strategist thinks that two scorching-hot memecoins are racing toward fresh all-time highs.
Pseudonymous analyst Bluntz tells his 260,500 followers on the social media platform X that Pepe (PEPE) has more gas left in the tank even after its more than 140% surge this month.
[adinserter block="1"]The top trader shares a chart suggesting that PEPE could soar to new record highs of $0.000028.
“Despite the all-time highs, I think PEPE will continue to be the fastest horse for now.”
At time of writing, Pepe is worth $0.000016, indicating an upside potential of 75% if the memecoin hits Bluntz’s target.
Next up, the analyst is also bullish on fellow meme token Floki (FLOKI).
“Getting pre-PEPE all-time high vibes from FLOKI.
The chart looking really nice in my opinion.”
Based on the trader’s chart, it appears that Bluntz is predicting a new all-time high of $0.00044 for FLOKI. At time of writing, FLOKI is trading at $0.000294.
The crypto strategist is also keeping a close watch on the top altcoin Ethereum in its Bitcoin pair (ETH/BTC). The trader sees ETH/BTC taking a dip below 0.052 BTC ($3,553) before breaking out and rallying to 0.06 BTC ($4,100).
“12 hour bearish divergence on ETH/BTC and a clear impulsive give-wave rise. Give shakeout dip before turbo send please.”
The trader practices the Elliott Wave theory, which states that a bullish asset tends to correct after a five-wave surge. Looking at the trader’s chart, he seems to suggest that ETH/BTC has already completed a five-wave rally and is primed for a leg down.
Bluntz’s reading is supported by a bearish divergence, a signal indicating that the pair is losing momentum despite its recent move up.
At time of writing, ETH/BTC is trading at 0.05625 BTC ($3,842).
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