A widely followed cryptocurrency analyst and trader is leaning bullish on one memecoin while giving his forecast on two layer-1 altcoins.
The analyst pseudonymously known as Bluntz tells his 287,700 followers on the social media platform X that Dogecoin (DOGE) is “still turbo strong.”
[adinserter block="1"]Based on Bluntz’s chart on the four-hour time frame, it appears that the pseudonymous analyst is suggesting that Dogecoin could skyrocket by nearly 60% to reach a price of $0.22.
At time of writing Dogecoin is trading at $0.138, up by over 20% in the past two weeks.
The widely followed analyst further says,
“Dogecoin is the new mega large cap market leader.
You may not have realized it just yet but you will soon.”
Next up is Solana (SOL). Bluntz says that despite recent bearish sentiment in the crypto market, Solana only moved slightly downwards and did not fall below a major resistance level that it recently overcame on the daily time frame, an indication of its strength.
“Chance of fakeout diminishing by the day.”
Solana is trading at $166 at time of writing.
Next up is Sui (SUI). The pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis says that Sui could be on the cusp of reaching a new all-time high in a five-wave pattern after a correction. According to the Elliott Wave theory, the main trend of the price 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 hit a price of $2.80, about 48% above the current price.
Sui is trading at $1.89 at time of writing.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
