A widely followed crypto analyst is expressing bullish sentiment for a popular meme-coin, PEPE. The analyst also says that Solana, the popular altcoin of recent times, will continue to rise. Finally, the analyst looks at Bitcoin and points north.
Bluntz: PEPE will run more than 30% on his rampage!
cryptokoin.comAs you follow from , morale is good in the crypto market for now. While the leading cryptocurrency Bitcoin anchored above 37 thousand dollars, the leading altcoin Ethereum broke the devil’s leg and rose above 2 thousand dollars. In this environment, the analyst nicknamed Bluntz shared his latest predictions with his 227,700 followers on the social media platform X. Analyst says Pepe (PEPE) could rise more than 30% from its current value. In this context, Bluntz makes the following statement:
PEPE looks poised for a daily rise of more than 30% to make a clean five-wave rally, three of which are the longest.
Bluntz uses Elliott Wave theory in his technical analysis. This theory is based on the fact that the main trend of an asset’s price moves in a five-wave pattern. Looking at his chart, the veteran analyst suggests that the fifth wave will result in Pepe price trading at around $0.00000160. Check out this article for the analyst’s accurate predictions. He also notes that the recent price pattern indicates an imminent breakout beyond a key resistance level. In this regard, the analyst shares the following comment:
PEPE will experience a tantrum overload. Aiming for around 25-30% upside, the RR (risk/reward ratio) is still appropriate.
In his ongoing analysis, the analyst says the Pepe price outlook confirms the breakout. In this context, Bluntz said, “Let’s go lol. It’s been a solid rise so far. It’s been a long time since I had fun with a meme-coin.” says.
Meanwhile, PEPE was trading at $0.000001307 at the time of writing, up 4.15% in the last 24 hours.
Solana will continue to rise, and how!
The analyst also focuses on Solana (SOL). He says the altcoin will likely continue to rise after the bankrupt FTX completes selling its SOL tokens. Bluntz expresses his views on this issue as follows:
While FTX has been selling between 250,000-700,000 SOL every day for the last two weeks, the price is either rising or remaining sideways. It’s been sucked like a champ so far, and at the current rate, its unlocked tokens should run out within a week. When this seller is gone, I can imagine how hard it will be pumped. Don’t make this a middle curve.
Solana was trading at $54.14 at the time of writing, up 22.31% in the last 24 hours.
Analyst predicts a breakout for Bitcoin
Finally, the analyst predicts a breakout for Bitcoin (BTC) after a period of accumulation. In this context, Bluntz said, “BTC is trying really hard to break this vertical accumulation. “Probably the 18-day horizontal trend is finally coming to an end.” says.
Bitcoin was trading at $37,224 at the time of writing, up 2.54% in the last 24 hours.
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