Top Trader Predicts Fresh Leg Up for SOL and One Solana-Based Altcoin, Updates Outlook on Dogecoin
An analyst who’s been making well timed altcoin calls as of late thinks that three crypto property are virtually able to witness strikes to the upside.
Pseudonymous analyst Bluntz tells his 252,000 followers on the social media platform X that he’s bullish on Solana (SOL).
In response to the highest crypto strategist, Solana seems to have accomplished an ABC corrective wave in opposition to Bitcoin (SOL/BTC) on the eight-hour chart.
“SOL gearing up for one other run IMO (for my part). SOL/BTC wanting like a pleasant ABC now achieved.
Swept the (a) wave lows and has now reclaimed.”
Bluntz practices Elliott Wave principle, which states {that a} bullish asset tends to see a contemporary leg up following the conclusion of an ABC correction. Trying on the dealer’s chart, he appears to foretell that SOL/BTC will rise to 0.00365 BTC ($254).
At time of writing, SOL is value $194.24.
Subsequent up, the dealer says he’s retaining an eye fixed on the Solana-based decentralized change (DEX) aggregator Jupiter (JUP). Bluntz predicts that JUP will see rallies after finishing an ABC correction.
“JUP looking rather sendy here, definitely the strongest of the holy trinity here: JUP, JTO and PYTH.”
At time of writing, JUP is buying and selling for $1.52, up over 7% within the final 24 hours.
The dealer can also be bullish on high memecoin Dogecoin (DOGE). Bluntz shares two charts to point out that DOGE seems to be mirroring a sample that BTC printed in early 2023 when Bitcoin bottomed out at round $16,000.
“What if?
DOGE.”
At time of writing, DOGE is buying and selling for $0.205.
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