Bluntz, one of the analysts who keeps the pulse of the cryptocurrency market, made an exciting prediction for the popular altcoin Solana (SOL).
Observing a clear upward trend on SOL’s four-hour charts, Bluntz said that this trend was supported by “higher lows” (new low above the previous low). emphasized. This shows that SOL has a strong upward potential.
“I think the LEFT is poised for a severe upside breakout here.”
Another important element in Bluntz’s analysis is Elliott Wave Theory. According to this theory, a bullish altcoin usually starts a new bullish wave after a three-part ABC correction. Bluntz claims that SOL may follow a similar pattern, completing the ABC correction after retesting the $120 level.
Based on the results of the analysis, SOL seems likely to make a strong upward move in the near future. However, as with any investment decision, this estimate should be evaluated carefully. The cryptocurrency market is known for its volatility and it is important to identify risks in advance.
The analyst then said that the popular meme coin Pepe (PEPE) appeared to be in an uptrend after bouncing off a key Fibonacci level at $0.000004454. He also believes that Pepe’s chart has the most bullish potential compared to other major coins.
“Of all the major meme coins, Pepe seems to be the best in my opinion. “Pepe has already cleared and reclaimed the lows in the a wave after the turbo V reversal from the major 0.618 (Fibonacci level).”
Looking at its chart, the analyst suggests that Pepe could surpass the $0.000013 level. At the time of writing, Pepe is trading at $0.000007931, up more than 17% in the last 24 hours.
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